US Crypto Stocks Surge On Shaky Israel-Iran Ceasefire
US crypto stocks experienced significant gains on Tuesday, driven by a shaky ceasefire between Iran and Israel, brokered by President Trump. Coinbase Global Inc. (COIN) emerged as the top S&P 500 performer, closing up 12.10%. Other notable gains included Riot Platforms at 8.09%, Marathon Digital at 4.94%, and Michael Saylor’s Strategy (MSTR) at 2.68%. The S&P 500 overall rose by 1.11%. Robinhood Markets, Inc. (HOOD) increased by 7.41% following the launch of a new crypto deposit match promotion. However, Circle Internet Group (CRCL) fell by 15.49%, despite being up nearly 620% since its June debut. The crypto market showed resilience, with Bitcoin (BTC) rising 1.20% to $106,487, Ether (ETH) up 1.99%, and XRP (XRP) gaining 1.92%. Interest in crypto stocks is prompting other firms, like OKX, to consider public listings in the US.
