logo

As Bitcoin crosses $100K, Robinhood soars 15%, BTC miners’ time to shine, and more

By: bitcoin ethereum news|2025/05/10 14:15:04
0
Share
copy
Robinhood’s HOOD led this week’s crypto stock rally by 15%. Bitcoin miners and MSTR also posted over 5% gains, but Coinbase’s COIN was sluggish. Crypto-related stocks rallied higher as Bitcoin [BTC] surged to $104K for the first time since late January. The world’s largest digital asset added over $8.5K, about 9% from Monday lows of $93K. HOOD, miners lead crypto stock rally Robinhood’s HOOD, a crypto and stock trading retail app, led the weekly rally with a 15% gain. It jumped from $45 to $55 at the time of writing. Source: Google Finance Bitcoin miner stocks sub-sector, as shown by CoinShares Valkyrie Bitcoin Miners ETF, also posted impressive gains of 5.36% in the past four trading days. In fact, miner stocks’ pump was almost similar to Strategy’s MSTR 5% uptick. Strategy, a pioneer in BTC corporate treasury , saw its stock, MSTR, jump 5.28% over the same period. It tapped $420 for the first time since last December. When tracked from the April low, MSTR has gained over 70%, jumping from $240 to $420. Source: MSTR, TradingView Since the April lows, BTC has recovered over 30%. This implied that MSTR offered investors 2x returns over the same period and was a better bet than BTC. However, Coinbase’s COIN, a crypto trading platform, posted less than a 1% gain in the past four days. The dismal performance was due to the recent mixed earnings report, which dropped below analysts’ expectations. Source: Crypto stocks vs. BTC, TradingView That said, SOL Strategies, a firm running a corporate treasury based on SOL, was an outlier among crypto stocks when tracked from April. SOL Strategies’ stock, CYFRF, surged 54% compared to MSTR’s 44%. But BTC rose 25% over the same period. This meant that SOL exposure offered more returns than BTC in the past five weeks of trading. The extended rally was triggered by positive macro updates, especially the U.S. trade deal with the UK. Another potential catalyst would be another trade deal with China. Source: https://ambcrypto.com/as-bitcoin-crosses-100k-robinhood-soars-15-btc-miners-time-to-shine-and-more/

You may also like

This Week's Key News Preview | The Federal Reserve Announces Interest Rate Decision; MegaETH Conducts TGE

Highlights of the week from April 27 to May 3.

Lower the expectations for the next bull market of BTC

Senior investors reveal high-level reduction in positions: In-depth analysis of six major risks including obstacles to sovereign entry, MicroStrategy's financing crisis, and the targeting of tokenized gold; expectations for the next bull market may cool down.

Morning News | Aave announces the establishment of a recovery fund; Michael Saylor releases Bitcoin Tracker information; Vietnam plans to launch a pilot project for crypto assets

Overview of Important Market Events on April 26

Crypto ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $823 million; the net inflow for Ethereum spot ETFs in the U.S. was $155 million

GSR enters the cryptocurrency ETF market, launching its first multi-asset cryptocurrency ETF.

How to balance risk and return in DeFi yields?

Have these yields ever been reasonable? Have we ever received the compensation we deserve for the risks taken in DeFi, and where should the future spreads be set?

Tom Lee's Ethereum Thesis: Why the Man Who Called the Last Cycle Is Doubling Down on Bitmine

Tom Lee is emerging as one of Ethereum’s most influential supporters. From Fundstrat to Bitmine, his Ethereum thesis combines staking yield, treasury accumulation, and long-term network value. Here is why “Tom Lee Ethereum” has become one of crypto’s most watched narratives.

Popular coins

Latest Crypto News

Read more