News View Non-AMP

Crypto Stocks Rally As Bitcoin Crosses 84K, BTC Mining Stocks Join The Rally

Published by
Nidhi Kolhapur

Bitcoin (BTC-USD) reached a record high on Monday, trading just under $85,000 on Monday morning while pushing several stocks tied to the crypto trade and the post-election rally higher to start the week in the aftermath of the Trump victory. 

COIN, HOOD Record Impressive Gains

Coinbase stock and shares of other crypto-related companies were rising Monday as investors turned bullish. Coinbase (COIN) was up more than 17% on Monday and has now skyrocketed about 70% in the past five trading sessions.

Similarly, Robinhood (HOOD) also saw its stock rise more than 8% Monday and is now up more than 38% across five days. Notably, Robinhood’s legal chief Dan Gallagher is among the top names being considered for the position of SEC Chair under Trump. 

Trump’s promises to the industry includes appointing a crypto Presidential Advisory Council, firing SEC Chair Gary Gensler, and creating a strategic national bitcoin stockpile.

IBIT, MSTR, TSLA Soar

Notably, BlackRock’s iShares Bitcoin Trust (IBIT), the largest bitcoin ETF, rose nearly 11% in early trade Monday. Shares of MicroStrategy (MSTR), which now owns nearly 280,000 bitcoins, also rose more than 18% on Monday. According to a latest release, MicroStrategy revealed that from Oct. 31 to Nov. 10, it purchased approximately 27,200 bitcoins at an average price of $74,463. It has achieved BTC Yield of 7.3% QTD, with a net benefit to shareholders of 18,410 BTC, and 26.4% YTD

Tesla (TSLA) shares have also soared since Trump’s election win.  While the company also owns some bitcoin, its 45% surge over the past five days and a 10% push higher on Monday has been attributed to Elon Musk’s connection with Trump. Notably, Musk donated $132 million to Trump’s campaign.

BTC Mining Stocks Rallying

Bitcoin miners also rallied, adding to their gains last week. Bitcoin mining stocks are showing impressive pre-market gains as investor interest surges. Marathon Digital (MARA), CleanSpark (CLSK), and Riot Platforms (RIOT) are all riding the wave of positive momentum. Bit Digital (BTBT) soared 22.6%, MARA Holdings (MARA) popped 21% early Monday. 

Amidst the market rally,  Bernstein have urged investors to add exposure to the crypto industry as soon as possible. Notably, the analyst have urged the investors who had abstained from allocating to the crypto industry due to regulatory concerns to “invert their mental model” post-U.S. elections, in expectations of a crypto-friendly regulatory environment under Trump starting with a new SEC Chair. 

They also revealed that they remain confident in their $200,000 bitcoin price target by the end of 2025. Greg Cipolaro, the global head of research at New York Digital Investment Group, also stated that there is no longer any excuse for investors to avoid exposure to bitcoin following Trump’s victory.

The ETF Rally

The spot bitcoin ETFs generated $1.63 billion in inflows during election week last week, offset by a total of $657.9 million in outflows on Monday and Tuesday. BlackRock’s iShares Bitcoin Trust ETF (IBIT) led with a total of $1.25 billion in inflows.

So far, the spot bitcoin ETFs have amassed a total of $25.86 billion in inflows since their January launch, offset by $20.1 billion in outflows from the Grayscale Bitcoin Trust (GBTC). IBIT and the spot bitcoin ETFs jumped nearly 7% early Monday. 

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

Bitcoin Price Tumbles While Fed Rates Remain Flat—Opportunity or Red Flag?

Ever since the Fed's rates were slashed below 5% back in October 2024, they have…

July 31, 2025

Bitcoin (BTC) Price Falters as Fed and BoC Hold Interest Rates Steady

Bitcoin (BTC) price has gradually lost its initial July bullish momentum during the past three…

July 31, 2025

Solana Enters a Crucial Zone: Here’s When the SOL Price May Hit a New ATH Above $300

Solana (SOL) is navigating a pivotal market phase as it hovers near a critical resistance…

July 31, 2025

Fed Holds Interest Rates Steady, Citing Trump’s Tariffs Despite Push for Cuts

The Federal Reserve has decided to keep its key interest rate steady at around 4.25%-4.5%,…

July 31, 2025

This Altcoin is at the Foothill of a Massive Explosion—Will it Follow Bitcoin & Smash a New ATH in 2025?

Litecoin (LTC) price has shown renewed momentum in recent sessions, staging a steady upward move…

July 30, 2025

Pump.fun (PUMP) Price Prediction: Can Solana Memecoin Rebound Toward $0.004 in 2025?

Pump.fun’s native token, PUMP coin, is currently trading near $0.0026, following a volatile post-ICO phase.…

July 30, 2025