CRCL, COIN, MSTR Stocks Gain With Bitcoin Above $81,000 For The First Time Since January

Shares of Circle Internet Group led large-cap gains, while retail sentiment on Stocktwits around the company flipped to ‘extremely bullish’ from ‘bearish’ over the past day.

• COIN and MSTR shares were among the top-trending tickers on Stocktwits in early-morning trade.
• Coinbase rallied after announcing that it would be laying off over 14% of its workforce in an AI-led shift.
• Strategy rallied amid Bitcoin’s momentum ahead of its first-quarter earnings, scheduled for after-market close.

Crypto-linked stocks gained on Tuesday morning amid Bitcoin’s (BTC) rally to over $81,000 for the first time since January. Circle Internet Group (CRCL) led gains among the large-caps, followed by Coinbase (COIN) and Strategy (MSTR).

CRCL’s stock rose as much as 4.5% in pre-market trade, clocking a second consecutive day of gains. Retail sentiment on Stocktwits around the USDC stablecoin issuer flipped to ‘extremely bullish’ from ‘bearish’ and chatter rose to ‘extremely high’ from ‘high’ over the past day. 

The uptick came as Bitcoin’s price rose nearly 3% in the last 24 hours to cross $81,000. Retail sentiment around the apex cryptocurrency trended in ‘bullish’ territory on Stocktwits over the past day, with chatter rising to ‘high’ from ‘normal’ levels.