Bitcoin surged past $84,000 as a landmark SEC ruling on tokenised equities triggered a rally across the cryptocurrency market and related financial stocks.
Bitcoin climbed 4.9% to $84,371.90, extending its recovery after the SEC's tokenised stock decision.
Coinbase shares advanced 12% after the SEC granted a temporary exemption for tokenised equities.
Strategy gained 16% amid optimism over blockchain integration with conventional financial assets.
Ethereum increased 5.8% to $2,728.92, following Bitcoin's recovery.
XRP rose 7% to $1.48 amid broad crypto market gains.
Solana gained 7.3% as altcoins broadly followed Bitcoin higher.
Cardano advanced 8.7% in the broader cryptocurrency recovery.
Robinhood rose 9% following the SEC decision supporting tokenised equities.
NEAR surged around 23% amid higher activity involving Zcash on its cross-chain swap service.
Brent crude declined approximately 2% to below $102 a barrel on expectations of increased Middle Eastern supply.
BNB climbed 4.5% amid positive sentiment across digital assets.
Dogecoin recorded an increase of more than 9% as meme cryptocurrencies rallied.
Zcash increased approximately 3% to above $1,500, supported by NEAR-related activity.
Bitcoin climbed 4.9% to $84,371.90, leading a broad recovery in digital assets following the SEC's decision to grant a five-year exemption for tokenised equity trading. The regulatory shift fueled significant gains in crypto-linked stocks, including Coinbase and MicroStrategy, while lower oil prices further improved sentiment for risk assets.
The SEC granted a temporary five-year exemption allowing qualifying trading venues to facilitate transactions in tokenised US equities via blockchain platforms, provided they meet specific regulatory conditions.