Bitcoin’s value dropped somewhat since Monday, following a brief surge to around $105,000 after the U.S. declared a temporary halt to tariffs on Chinese goods for 90 days.
By Tuesday at 11 AM Eastern Time,
Bitcoin has been trading
at
$103,260.98,
decreased by 0.20% in the past 24 hours, as
per Kraken
. However, with even a small red, equity investors still rushed into crypto-linked companies, with almost all stocks in green.
Coinbase spearheaded the advance with a 15.77% surge, finishing at $239.90. This comes after reports of its addition to the
The S&P 500, which has been
A major contributor to the influx of capital from passively managed assets and heightened engagement from institutional investors in its shares.
Robinhood saw an increase of 6.20%, reaching $60.99, probably because of positive sentiment about its cryptocurrency offerings and better financial outcomes than anticipated.
Other cryptocurrencies-related stocks also saw increases. For example,
MicroStrategy,
commonly viewed as a
proxy for Bitcoin
Given its large collection of assets, it increased by 0.35% to reach $406.30.
Mining firms also noted continuous expansion.
Core Scientific increased by 1.03%, Bitfarms rose by 1.3%, Marathon Digital Holdings (MARA) gained 0.33%, and Riot Platform saw an addition of 0.25%.
Another cryptocurrency mining firm, Hut 8 Corp, has experienced an influx of funds as well, and its stock is currently priced at $15.86, showing an increase of more than 2.22% within the last day.
The stock price for healthcare firm Kindly MD (KDLY) Inc has dropped to $10.21, marking a decrease of more than 25.42% within one day. Prior to this decline, KDLY shares had jumped over 600% two days prior when they incorporated Bitcoin into their plan through an alliance with Nakamoto, a company focused on managing Bitcoin reserves.