Crypto Stocks Keep Climbing in Tandem with Bitcoin -- Update

Crypto-linked U.S. stocks extended their rally through Friday in step with Bitcoin after President Trump pushed publicly for crypto-friendly legislation. Trump met with industry executives to urge Congress to pass the Clarity Act, which would set a favorable regulatory framework for digital currencies; the bill is stalled but expected to reach a Senate floor vote next month. Bitcoin gained after the comments, rising 21% over the week to $76,774.30 and up 7% between Thursday and Friday mornings, on track for its best week since March 2023. Shares tied to trading venues, including Coinbase (+7%) and Robinhood Markets (+7.6%), also climbed. Treasury Secretary Scott Bessent’s bond-market intervention was cited as another catalyst, while some analysts warned it may be premature to call a new bull run.