Bitcoin breaks 90,000 to hit a new high, and stocks of crypto-related companies generally strengthen.

【Crypto World】 Recently, Bitcoin’s market trend has been truly fierce. The price surged over 2.8% directly, breaking through the $90,000 mark and setting a new all-time high. This rally not only strengthened the cryptocurrency itself but also boosted the stock prices of listed companies.

Let’s first look at mining companies. Hut 8 led the way with a 14.4% increase in stock price. The driving force behind this is their signing of a $7 billion AI infrastructure deal, which is a major move. Peers like CleanSpark and Riot Platforms also didn’t sit idle, with their stock prices showing significant gains. This indicates that the market is indeed optimistic about the prospects of these companies.

As a leading exchange listed company, Coinbase’s stock price rose by 2.27%. Although this increase seems moderate, it reflects the market’s growing expectations for new business models such as tokenized assets. Coupled with recent increased market volatility, exchanges are clearly benefiting from this.

MicroStrategy, which holds a large amount of Bitcoin, also profited from this rally. The company owns 671,268 BTC, with its stock price rising by 1.6%. This enterprise has long positioned itself as a “Bitcoin company,” and this move can be seen as a strategic payoff.

In addition to Bitcoin, Ethereum and Ripple also followed the upward trend. The simultaneous rise across multiple chains partly reflects market participants’ expectations of a dovish stance from the Federal Reserve. Once the liquidity expectation is confirmed, the risk appetite in the entire crypto market will rise, which is the root of the renewed momentum we are seeing now.