Bitcoin Bounces Back: Why Crypto Stocks Are Climbing Again

TLDR

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Crypto-focused stocks surged Monday with Strategy (MSTR) up 10%, Coinbase up 7%, and mining companies jumping 10-18%
Strategy announced it now holds over 500,000 Bitcoin valued at $44.2 billion
Bitcoin traded around $87,350, up 2.2% in 24 hours, with Ethereum and Solana also posting gains
Market optimism increased after indications that Trump administration would soften its stance on tariffs
After reaching an all-time high above $108,000 following Trump’s inauguration, Bitcoin had retreated but is now rebounding

Crypto Market Rebounds

Cryptocurrency-related stocks experienced a strong rally on Monday as both digital assets and the broader market gained momentum. The uptick comes amid renewed investor optimism about U.S. trade policies and positive macroeconomic signals.

Strategy, formerly known as MicroStrategy, saw its shares climb more than 10% to close at $335.72. The software company, which trades under the ticker ‘MSTR’, has established itself as the largest corporate holder of Bitcoin.

In a major announcement Monday, Strategy revealed it had surpassed half a million Bitcoin in its holdings. The Tysons, Virginia-based company now owns 506,137 Bitcoin with a value of approximately $44.2 billion, according to its press release.

Strategy has been actively selling its stock to fund these Bitcoin purchases. This approach has attracted increased attention from investors tracking the cryptocurrency market through traditional financial instruments.

Coinbase, the largest U.S. cryptocurrency exchange, also enjoyed the market upswing. Its shares, listed under NASDAQ: COIN, rose 7% to reach $203 by Monday afternoon Eastern Time.

Public Bitcoin mining companies posted even larger gains during the trading session. CleanSpark (CLSK), a low-carbon powered miner, jumped over 18% to $8.79 per share.

Mining Companies See Major Gains

Riot Platforms (RIOT) climbed nearly 10% to $9.69. MARA Holdings (MARA) rose an impressive 18% to $14.61 per share.

The broader U.S. stock market traded higher on Monday. This followed indications from the White House that it would adopt a softer stance on tariffs against trading partners.

The tech-heavy Nasdaq index performed particularly well, jumping 2.2% on Monday. This aligns with observations that Bitcoin often trades in correlation with technology stocks.

Bitcoin itself was trading at approximately $87,350, representing a 2.2% increase over 24 hours according to data from CoinGecko. Other major cryptocurrencies showed even stronger performance.

Ethereum and Solana posted gains of more than 4% and 6% respectively over the same period. This widespread growth across different cryptocurrencies suggests renewed confidence in the sector as a whole.

Earlier in March, the Consumer Price Index came in slightly lower than forecasted. This development encouraged markets that had been concerned about the possibility of stagflation—a combination of rising prices and stagnating economic growth.

Trump Policies and Market Response

President Donald Trump’s tariffs on Mexico, China, and Canada have been a source of market concern. These trade policies have somewhat offset the positive impact of his crypto-friendly stance.

Following Trump’s inauguration, Bitcoin reached a new all-time high above $108,000. This surge also boosted equity markets, reflecting initial optimism about the new administration’s approach to cryptocurrency.

However, Bitcoin subsequently retreated in recent weeks, falling below $80,000 at various points. The current rebound suggests that market sentiment may be shifting back toward a more positive outlook.

Trump has made several moves favorable to the cryptocurrency industry. These include reducing regulation and announcing the creation of a special Bitcoin reserve.

According to Deutsche Bank Research analyst Marion Laboure, cryptocurrency’s volatile performance in 2025 is partly linked to uncertainties surrounding the planned reserve. She also noted increasing momentum regarding the tokenization of finance.

Bernstein analysts expect growing connections between cryptocurrency and traditional finance. They envision a future where “crypto exchanges will offer spot crypto, crypto derivatives, and tokenized equities, while broker platforms will also scale up their crypto services.”

Robinhood, which recently launched a prediction markets product, saw its stock climb 9.6% on Monday. This gain helped recover some of the company’s recent losses.

Hut 8, a cryptocurrency mining firm, rose more than 7.3%. The company recently secured 592 acres in Louisiana for a new $2.5 billion, 300MW data center, highlighting continued investment in mining infrastructure.

This market rally represents a welcome change for crypto investors after weeks of uncertainty. While the long-term impact of Trump’s policies remains to be seen, the immediate market response has been positive.

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