Circle, Strategy Lead Crypto Stocks Rally as Bitcoin Surges Above $71,000

Circle Internet Group CRCL shares climbed 5% on early Thursday as a sharp rebound in Bitcoin lifted a broad group of cryptocurrency-related stocks.

Crypto-linked stocks moved higher alongside the cryptocurrency. Strategy MSTR and Bullish BLSH each gained 4%, while Riot Platforms RIOT added 2%. Mara Holdings MARA rose 4%, and Robinhood (HOOD) advanced 4%.

Bitcoin rose more than 9% to about $71,000, reaching its highest level since June 2. The move came as lower long-term Treasury yields improved the backdrop for risk-sensitive assets after the U.S. Treasury increased planned purchases of longer-dated government debt.

Circle has remained closely linked to broader crypto-market sentiment through its role in the stablecoin ecosystem. A sustained Bitcoin rebound could provide additional support for sentiment toward the sector, although the shares may remain sensitive to changes in digital-asset prices and broader market conditions.