Bitcoin Steady Above $100K, Crypto Stocks Surge

The Essentials at a Glance
Bitcoin is once again showing strength and remains stable above the 100,000 US dollar mark. This development is also boosting the stocks of crypto companies. Mining firms such as MARA and RIOT are particularly benefiting. Meanwhile, Robinhood (HOOD) is experiencing losses. The growing integration of Bitcoin into corporate strategies indicates increasing confidence in digital assets.
Bitcoin Above 100,000 US Dollars: Market Follows Suit
On June 9, Bitcoin recovered from a short-term dip to 105,000 US dollars and rose to 109,689.78 US dollars. This represents an increase of 2.04% within 24 hours. This positive price movement is directly impacting the stocks of crypto companies, especially in the US.
Mining Stocks with Significant Gains
Several publicly traded mining companies recorded gains on June 10. Here is an overview:
- Core Scientific Inc. (CORZ): +4.27% during regular trading, plus an additional +0.87% after hours
- CleanSpark Inc. (CLSK): +3%, followed by another +1%
- MARA Holdings Inc. (MARA): also +3% plus 1% after hours
- Riot Platforms Inc. (RIOT): +2.74%, then +1.2%
MicroStrategy Inc. (MSTR), known for its extensive Bitcoin purchases, also rose by 4.71%, reaching 396.61 US dollars after hours.
Circle (CRCL) Impresses as a Newcomer
Stablecoin issuer Circle Internet Group (CRCL), recently listed on Nasdaq, led the list of top performers. The stock rose by 7% during regular trading and gained another 2.2% after hours to reach 117.79 US dollars.
Robinhood (HOOD) with Price Decline
In contrast to the overall upward trend, Robinhood Markets Inc. (HOOD) lost nearly 2%, falling to 73.40 US dollars. The decline is linked to the decision by S&P Dow Jones Indices not to include Robinhood in the S&P 500. Such inclusion would typically have provided a price boost.
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Companies Increasingly Rely on Bitcoin
The positive performance of crypto stocks shows that more and more companies are incorporating Bitcoin into their financial strategies. One example is BitMine Immersion Technologies Inc. (BMNR). The company purchased 100 BTC for its reserves for the first time. This decision followed a successful capital increase on June 4, where 18 million US dollars were raised.
Our Assessment
The current market situation shows: Bitcoin remains a key driver for the valuation of crypto stocks. Mining companies and firms with direct ties to digital assets particularly benefit from the strong price. The entry of more companies into Bitcoin as a reserve asset reinforces this trend. However, Robinhood’s setback shows that external factors such as index decisions can have a short-term negative impact. For investors in the crypto sector, the development remains exciting – especially with regard to the growing institutional acceptance of Bitcoin.