Bitcoin is on the verge of something big. The world’s largest cryptocurrency is charging toward the psychologically important $100,000 level once again. And as Bitcoin rockets toward that mark, crypto stocks are catching fire. Leading the charge? Coinbase (COIN), Strategy (MSTR), and other crypto giants. These stocks jumped in early trading. This surge was fueled by growing hopes that easing global trade tensions could propel Bitcoin to even greater heights.
Bitcoin Pushes Crypto Stocks Higher
Bitcoin’s rise isn’t just a crypto win—it’s a rallying cry for crypto companies. Bitcoin recently traded around $99,500, inching closer to the $100,000 milestone. This surge has been the catalyst for gains in major crypto stocks. Coinbase, the U.S.’s largest crypto exchange, saw a 4% bump in its stock price. Strategy (formerly MicroStrategy), the biggest corporate holder of Bitcoin, jumped 4.1%. Moreover, analysts believe this momentum is likely to continue as Bitcoin maintains its bullish run.
The Impact of Trade Tensions Easing
What’s driving this surge? According to reports, a major U.S.-U.K. trade deal is on the horizon. President Trump announced the framework on Thursday, and the deal would mark a significant step in easing global trade tensions. That’s good news for global risk assets, including Bitcoin. As analysts see it, less volatility in the global trade scene means investors are more confident in the safe-haven stability of Bitcoin—and that’s lifting stocks like Coinbase and Strategy.
Coinbase Expands with $2.9 Billion Acquisition
But it’s not just Bitcoin’s rise that’s driving these stocks. Coinbase has also made a strategic move to strengthen its position in the crypto market. The company announced its $2.9 billion acquisition of Deribit, the world’s biggest platform for Bitcoin and Ethereum options trading. The Wall Street Journal reports that this acquisition could place Coinbase in a dominant position as the crypto space continues to grow.
What’s Next for Crypto Stocks?
As Bitcoin nears $100,000, crypto stocks are becoming an increasingly attractive investment. According to TipRanks, Coinbase is expected to reach a target price of $270.85, reflecting a 31.70% upside from its current price of $205.66. This strong potential return places Coinbase among the most promising stocks in the crypto space.
Strategy (MSTR), another key player, shows an impressive target price of $509.75, which is a 24.98% upside from its current trading price of $407.85. The company’s heavy Bitcoin holdings, alongside a strong “Strong Buy” consensus, make it a clear leader in the market.
Additionally, other crypto-related stocks like Riot (RIOT) and Mara (MARA) are also seeing upward projections. Riot’s target price of $15.91, showing a 91.11% upside, highlights its bullish outlook. Mara, which focuses on Bitcoin mining, has a target price of $19.81, reflecting a 40.20% upside, and it’s also rated as a “Moderate Buy” by analysts.
Investors can compare cryptocurrency stocks on TipRanks to track their performance and make informed decisions.
