Bitcoin soared to a new all-time high of $118,859, boosting crypto-related stocks significantly:
• Coinbase jumped 9% (up 50% YTD)
• MicroStrategy surged 12% (up 45% YTD)
• Bitcoin miners like MARA gained 12%
• BlackRock's IBIT ETF reached $80B AUM faster than any ETF in history
What's driving this rally?
Here are my quick guesses
1. Increased institutional adoption
2. Hopes for interest rate cuts
3. Trump's crypto-friendly endorsements
The recent price action shows BTC consolidating around $117,600 after hitting these highs, with healthy trading volume suggesting continued interest.
$HYPERLANE also experienced a price surge of about 481.82%
Could this be listing hype or it is from actual investor interest?