Robinhood Advances 5%, Webull Ticks Up as Bitcoin’s Breakout Lifts Retail Brokerages

A sharp Bitcoin breakout is spilling into retail brokerage stocks Friday morning, and the two publicly traded names are catching the move in very different proportions. Robinhood Markets (NASDAQ:HOOD | HOOD Price Prediction) stock is climbing 5% to $99.90, while Webull (NASDAQ:BULL) shares are up 2% to $9.07.

The iShares Bitcoin Trust ETF (NASDAQ:IBIT) is up 6% to $43.69, giving the cleanest read on the underlying breakout. Bitcoin (CRYPTO:BTC) has jumped 7% over the past 24 hours to $77,118.89, while Ethereum (CRYPTO:ETH) has climbed 5% to $2,384.78.

That Bitcoin move stands out amid a moderate boost in stock indexes. The S&P 500 is up 0.29%, and the NASDAQ 100 is up 0.26%. Still, crypto beta is doing the lifting today rather than broad-market strength.

Bitcoin Breakout Powers the Rally

Bitcoin has broken decisively above the roughly $60,000 to $70,000 range that held for most of this year. That breakout puts the token at its highest level since late May, and the shift in tape action is the primary catalyst reaching Robinhood and Webull today.

President Trump used a White House summit this week to urge Congress to advance the Clarity Act, which would establish a clearer regulatory framework for the U.S. crypto industry. Congress has repeatedly stalled on the bill over how to classify cryptocurrencies and how to treat yields generated by stablecoins.