Crypto Stocks Rally as Trade Deal Optimism and Bitcoin Strength Lift Risk Assets
American Bitcoin jumps 10%; Robinhood and miners extend gains as markets eye Fed rate cut
Crypto-linked equities climbed Monday, buoyed by renewed optimism surrounding U.S.–China trade negotiations and a firming bitcoin (BTC) price.
President Donald Trump and Treasury Secretary Scott Bessent both struck an optimistic tone, signaling progress toward a potential trade deal that would allow China to continue exporting rare-earth magnets to the U.S. in exchange for easing the recently proposed 100% tariffs.
“I really feel good about a deal,” Trump told reporters Monday morning, lifting market sentiment across risk assets.
The upbeat comments extended the weekend rally in bitcoin, which reached $116,200 on Sunday before easing back to around $115,000 by early Monday.
Among the biggest gainers:
- Robinhood (HOOD) rose 5%, leading exchange-related names.
- Hut 8 (HUT), CleanSpark (CLSK), and Iris Energy (IREN) each advanced 2–3% amid broader strength in mining and AI infrastructure stocks.
- American Bitcoin (ABTC), led by Eric Trump, surged 10.5% after disclosing the purchase of an additional 1,414 BTC, bringing its total holdings to 3,865 BTC.
In contrast, Circle, the issuer of the USDC stablecoin, slipped 2.3%, lagging the sector.
The rally in digital asset equities came alongside broader market strength. The Nasdaq Composite climbed 1.5%, while the S&P 500 gained 1%. Meanwhile, investors continued to rotate out of safe havens — gold fell 3.2% and silver dropped 4.5% on the day.
Trump is expected to meet Chinese President Xi Jinping on Thursday, with rare-earth materials likely to be a key focus of the negotiations. China currently controls about 70% of global rare-earth production, vital for electric vehicles, wind turbines, and defense technologies.
The rebound in both crypto and equity markets also comes ahead of the Federal Reserve’s policy meeting later this week, where traders broadly expect a 25 basis-point rate cut — a move that could further encourage risk-taking in digital assets and technology shares.
