As Bitcoin rose to its highest level in more than three months, virtual asset-related stocks listed

Bitcoin Trading in the USD 81,000 range
Virtual Asset-Related Stocks Surging All at once
Mitigating Concerns over Interest Rate Hike on Waller's Remarks
Driving Up U.S. Long-term Bond Buybacks

As Bitcoin rose to its highest level in more than three months, virtual asset-related stocks listed on the U.S. stock market surged all at once. Concerns over additional interest rate hikes by the U.S. Federal Reserve (Fed) eased, and the Trump administration's pro-virtual asset policy and the U.S. Treasury Department's long-term government bond market stabilization measures helped the upward trend.

Bitcoin rose to near $81,400 during the day on the 3rd (local time), the highest since May 15. As the rise has continued for the past three weeks, the fall has also decreased to 7% since the beginning of the year.

Related stocks also soared along with the surge in Bitcoin. On the New York Stock Exchange, the strategy of holding a large amount of bitcoin surged 17.6%, while Coinbase, the largest virtual asset exchange in the U.S., rose 10.1%. Robinhood, which has a high proportion of virtual asset transactions, also jumped 16.6%.

Robinhood's recent rise in investment opinions on Wall Street, as well as the virtual asset rally, were positive. Morgan Stanley raised its Robinhood Investment rating to Overweight and raised its price target to $150. Robinhood closed at $124.72 for the day.