Crypto Stocks Soar as Broader Markets Rebound
Shares of several publicly listed US cryptocurrency firms posted double-digit gains on Monday, tracking a broader rally across digital asset markets that pushed major tokens to multi-week highs.
Crypto infrastructure company Bakkt recorded the strongest advance, rising nearly 31.5% during the session before adding close to 5% after hours to trade around $15.52. Bitcoin treasury firm Kindly MD was also among the top performers, ending the day more than 24% higher.
Crypto mining stocks joined the upswing. American Bitcoin climbed 13.5%, moving above $2 for the first time in almost a month, while Hut 8, IREN and Cipher Mining each posted gains in the low-to-mid teens. Many of these miners have repositioned their operations toward artificial intelligence workloads, seeking to benefit from demand for high-performance computing infrastructure.
Major crypto trading platforms also moved higher, with Coinbase, Gemini and Robinhood rising roughly 7% to 7.5% as activity picked up following a quieter holiday period.
Major tokens push to multi-week highs
The broader crypto market continued to recover, with total market capitalization increasing by about 1.3% over the past 24 hours to nearly $3.3 trillion, extending gains from just above $3 trillion at the start of 2026. Bitcoin advanced roughly 1.2% on the day, briefly trading above $94,600 before easing to around $93,800. The move marked its highest level since early December and left the asset up more than 7% since Jan. 1.
Ether also strengthened, reaching an intraday high above $3,200 for the first time in over three weeks. XRP outperformed many peers, jumping close to 12% on the day to around $2.39, its strongest level since mid-November, and extending weekly gains to more than 26%.
Analysts see easing sell pressure, cautious recovery
Commenting on market conditions, analysts at Glassnode said spot market behavior “shows a meaningful reduction in sell-side aggression,” while trading volumes had “expanded modestly, pointing to improving liquidity without signs of speculative excess.”
They added that Bitcoin was “transitioning out of its corrective phase and into a fragile consolidation regime,” noting that muted on-chain demand leaves the market “sensitive to volatility and profit-taking risk as it attempts to rebuild higher ground.”
Sources:
https://cointelegraph.com/news/crypto-stocks-soar-double-digits-major-tokens-rally
https://insights.glassnode.com/btc-market-pulse-week-2-2026/
