American Bitcoin leads crypto stocks higher with 11.66% gain

  • American Bitcoin, Strategy, Coinbase, Bitmine, Circle and Robinhood shares all advanced.
  • Bitcoin reached $80,281.31, while Ethereum traded at $2,558.58 on September 18.
  • The broader crypto market gained approximately 2% as digital-asset stocks rose.

Crypto-related equities advanced on Friday as the broader crypto market gained approximately 2%. At 2:00 pm UTC on September 18, Bitcoin traded at $80,281.31, up 3.6% over 24 hours, while Ethereum rose 4.1% to $2,558.58. American Bitcoin Corp (ABTC) led the listed crypto companies, rising 11.66% to $9.86. Strategy Inc (MSTR) gained 9.26% to $144.49, Coinbase Global, Inc. (COIN) rose 6.51% to $185.30, Bitmine Immersion Technologies, Inc. (BMNR) advanced 6.49% to $25.44, Circle Internet Group (CRCL) climbed 6.07% to $90.25, and Robinhood Markets, Inc. (HOOD) added 4.84% to $115.13. Coinbase's advance followed a filing seeking U.S. regulatory approval to offer perpetual futures contracts (derivatives without an expiry date) linked to individual U.S. stocks. The rally also reflected company-specific exposure to Bitcoin and Ethereum, including Strategy's Bitcoin holdings and Bitmine's Ethereum treasury strategy. Market conditions were supported by Bitcoin crossing $80,000, continued work by the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), the SEC's temporary pathway for tokenized-stock trading, and easing inflation concerns alongside retreating oil prices after the Federal Reserve's recent interest-rate decision.

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