Robinhood and Strategy Stocks Jump. Why Bitcoin May Finally Be Back. — Barrons.com
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By George Glover
Crypto-related stocks looked set to be some of the market's best performers on Tuesday, as investors' hopes of a peace deal between the U.S. and Iran gave Bitcoin and other digital assets a much-needed boost.
Shares in online trading platform Robinhood Markets rose 7.9%. Crypto exchange Coinbase Global and major Bitcoin investor Strategy both gained 5.4%.
Crypto transactions account for a large chunk of the three companies' revenue, so their shares tend to move in tandem with Bitcoin. The large-cap digital asset was up 4.6% to $75,004 over the past 24 hours.
The rebound came as investors bet that the conflict in the Middle East could soon end. President Donald Trump said on Monday that the "right people" in Iran still wanted to make a deal, even though talks over the weekend failed.
Bitcoin investors will be hoping that a peace deal can end a brutal crypto winter.
Digital assets have struggled for direction since the first U.S. strikes on Iran. There's no direct link between cryptos and the war, but the geopolitical uncertainty has sapped demand for all sorts of risk assets.
Write to George Glover at george.glover@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
source: https://www.tradingview.com/news/DJN_DN20260414003901:0/
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