US Crypto Stocks Rocket as Digital Assets Fuel Market Frenzy in 2026

Wall Street's crypto-correlated plays are catching a massive bid.

The Ripple Effect

It's not just Bitcoin and Ethereum lighting up portfolios. The surge in underlying digital assets is sending shockwaves through traditional equity markets. Publicly traded companies with significant crypto exposure—from mining operations to trading platforms—are seeing their share prices leap. When the underlying crypto tide rises, these boats float higher, faster.

Beyond the Hype Cycle

This isn't 2021's retail-driven mania. The current momentum suggests a more entrenched institutional footprint. The narrative has shifted from speculative gambling to portfolio allocation. Firms are no longer just dipping a toe; they're building infrastructure. That foundational shift provides a different kind of fuel for related stocks—one that might burn longer, even if it sputters at times.

The Cynical Take

Let's be real: Wall Street loves a proxy. When direct crypto exposure makes a risk committee sweat, buying a stock that 'does crypto stuff' offers plausible deniability and a familiar ticker. It's a classic move—capturing the theme while hiding behind traditional valuation models that are, frankly, guessing at best when applied to this space. The street will monetize the narrative, right up until it doesn't.

The correlation is clear, but the dependency is stark. For these stocks, digital asset gains aren't just a tailwind—they're the entire engine. When crypto sneezes, they catch a cold. For now, though, everyone's feeling just fine.

TLDR

• US crypto stocks posted double-digit gains following a strong rebound in major cryptocurrencies.
• Bakkt led the rally among infrastructure platforms with a rise of over 31% in regular trading.
• Bitcoin reached a 24-hour high of over $94,600 before cooling to around $93,800.
• XRP surged nearly 12% to its highest level since mid-November.
• American Bitcoin crossed the $2 mark for the first time in almost a month after climbing over 13%.

US crypto stocks surged on Monday as a broad-based digital asset rally pushed key tokens to multi-week highs, and listed firms responded strongly, with gains seen across crypto exchanges, miners, and infrastructure platforms.

Bakkt Leads Infrastructure Gains

Crypto infrastructure firm Bakkt (BKKT) surged by 31.5% during regular hours, then added another 5% in after-hours trading. The platform closed at $15.52, marking its highest level in several weeks.

Its strong performance reflects improving market sentiment and growing trading activity across the sector. Trading volumes also showed upward momentum throughout the day.

Glassnode analysts noted, “Volumes expanded modestly, pointing to improving liquidity without signs of speculative excess,” in their Monday report.

Kindly MD (NAKA), a Bitcoin-focused company, also jumped over 24%, placing it among the day’s top five gainers. The firm holds substantial Bitcoin reserves and benefits directly from BTC price movements.

The infrastructure segment continued benefiting from reduced sell-side pressure, with Glassnode saying behavior in spot markets shows “a meaningful reduction in sell-side aggression.”

Bitcoin, Ether, XRP Reach Multi-Week Highs

Bitcoin cooled to $93,800 after peaking above $94,600, its highest since early December. The cryptocurrency gained 1.2% in 24 hours and 7% since January 1.

Ether also pushed higher, hitting $3,200 intraday, a price last seen over three weeks ago. XRP ROSE by nearly 12%, closing at $2.39.

The crypto market’s total capitalization rose 1.3% in 24 hours to approach $3.3 trillion. That marks continued growth from $3 trillion at the start of 2026.

Glassnode added, “Bitcoin is transitioning out of its corrective phase and into a fragile consolidation regime.” The platform cautioned that demand on-chain remains subdued.

Traders continue to favor upward momentum after a holiday lull, contributing to price rebounds in major digital assets. Exchange inflows and market liquidity also improved slightly, data showed.

Mining and Exchange Stocks Rally

American Bitcoin (ABTC) jumped 13.5%, closing above $2 for the first time in nearly a month. The company’s rally came alongside strong moves across the mining sector.

Hut 8 (HUT), IREN (IREN), and Cipher Mining (CIFR) posted gains between 12% and 13.5%. All three firms have shifted operations to support AI workloads using high-performance computing infrastructure.

Coinbase (COIN) climbed around 7.5%, while Gemini (GEMI) and Robinhood (HOOD) added about 7% each. These platforms saw increased activity as crypto trading resumed post-holidays.

Market participation expanded as liquidity returned, while prices across tokens and related stocks climbed consistently throughout the day. Analysts continued tracking volatility risks.

Crypto stocks in the US outperformed broader tech peers, driven by token momentum and increased investor Optimism across the digital asset space.