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Bitcoin rebounds above $80,000, lifting crypto stocks and Ether
Bitcoin rose back above $80,000 as Ether pushed above $2,500, with the rally tied to expectations around US Treasury bond buybacks and renewed CLARITY Act momentum.
Bitcoin rebounded above $80,000, lifting crypto equities and signaling how closely parts of the industry now track traditional capital markets, according to Cointelegraph. The broader move also pushed Ether nearly 30% higher to trade above $2,500, based on CoinMarketCap data cited by the outlet.
The week’s surge in crypto stocks included double digit gains for miners and digital asset treasury companies, with Canaan, MARA Holdings and Strive among the biggest gainers. Coinbase and Robinhood also rallied alongside the market rebound.
Cointelegraph linked support for the move to a US Treasury plan to double certain long dated bond buybacks, framing the backdrop for the latest advance in crypto equities. The article also said President Trump renewed calls for Congress to pass the CLARITY Act, though it remains stalled after lawmakers failed to act before the August recess.
The outlet further noted that Bernstein analysts are bullish on Circle, arguing that a new growth cycle for its USDC stablecoin could add momentum over the next 12 months. It cited a Monday research note saying USDC supply increased by roughly $2 billion in seven days after a period of stagnant or declining growth, and that Bernstein maintained an Outperform rating on Circle with a $140 price target.
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