New Bitcoin Peak Boosts Crypto-Linked Stocks in U.S. Markets

Stocks of companies tied to digital assets surged in the United States on Friday, driven by Bitcoin reaching an unprecedented all-time high, just days before key legislative discussions in the U.S. Congress.

Starting July 14, the U.S. House of Representatives is set to debate three major cryptocurrency-related bills as part of what is being called “Crypto Assets Week.” These proposed laws are expected to lay the foundation for a long-awaited regulatory framework for the digital asset sector in the U.S.

The move is anticipated to ease long-standing legal and regulatory tensions surrounding cryptocurrencies and may prevent the industry from shifting operations to more crypto-friendly countries due to previous threats and strict enforcement policies.

Analysts told Reuters that clearer regulations could encourage more companies to adopt Bitcoin in their treasury strategies, following the example of firms like MicroStrategy, which has accumulated Bitcoin as a long-term store of value.

As of the latest trading session, Bitcoin was up 4%, reaching $118,071.19—bringing its year-to-date gains to approximately 26%, signaling continued strong momentum in the digital asset market.