Bitcoin's 14% monthly gain to $85,000 is driving a sector-wide rally, lifting Ethereum, XRP, and crypto-exposed stocks like Coinbase and Robinhood as investor sentiment shifts.
Bitcoin broke above $85,000, up 14% in 30 days, driven by strong ETF inflows and renewed trader demand.
Coinbase shares rallied almost 20% over five days as crypto prices surged.
Ethereum rose about 17% over the last 30 days, benefiting from the broader crypto rally.
XRP increased by about 17% over the last 30 days, tracking the broader crypto market uptrend.
Robinhood Markets shares rose more than 10% over five days amid the crypto rally.
Bitcoin has climbed 14% over the past month, breaching the $85,000 threshold as institutional demand via ETFs fuels a broader market recovery. The rally has extended to major altcoins and crypto-linked equities, with Coinbase and Robinhood shares posting double-digit gains over the last five days.
The rally is primarily fueled by strong institutional demand through Bitcoin ETFs, which saw over $3.5 billion in inflows in August, combined with renewed retail trader interest.