Crypto-linked stocks moved higher on Monday as improving sentiment in digital assets helped lift several names tied to the sector. The gains came as Bitcoin climbed back above the $63,000 level.
Strategy NASDAQ:MSTR climbed about 5%, while several other crypto-related companies also moved higher during the session. Circle Internet Group NYSE:CRCL, Riot Platforms (RIOT), Marathon Digital NASDAQ:MARA, Coinbase Global NASDAQ:COIN, and HIVE Digital Technologies NASDAQ:HIVE each gained more than 3% as traders returned to risk assets.
The broader move in digital assets followed renewed strength in Bitcoin after the cryptocurrency recovered from recent weakness. Market reports suggested softer economic data, easing inflation expectations, and lighter holiday trading conditions may have helped support buying activity across the crypto market.
Crypto-related equities often track movements in Bitcoin because higher token prices can improve trading activity, mining economics, and investor sentiment. Recent market data showed Bitcoin stabilizing above $63,000 after recovering from late-June declines, helping improve the tone across the sector.