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Bitcoin Reclaims $110K! Crypto Stocks Soar — But Can the Rally Last?

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AuthorBlock Tao
Oct 21, 2025 7:03 AM

TradingKey – Bitcoin’s rebound has sparked a broad rally in crypto-related equities, but can the momentum hold?

On Monday (U.S. Eastern Time), Bitcoin (BTC) surged back above $110,000, restoring market confidence and lifting crypto-linked stocks across the board. Notable movers included:

  • Robinhood (HOOD): up over 4%
  • Circle (CRCL): up more than 3%
  • Coinbase (COIN) and MicroStrategy (MSTR): both gained over 2%

Meanwhile, Bitcoin mining stocks saw even stronger gains. Canaan Inc. (CAN) spiked more than 30% intraday, hitting a 2025 high of $2.22.

canaan-can-priceCanaan Inc. Stock Price Chart – Source: TradingView

However, on Tuesday, Bitcoin pulled back nearly 3%, falling below the $110,000 mark to trade at $108,047. This poses a challenge for crypto equities—if BTC fails to hold above $110K, these stocks may give back Monday’s gains.

bitcoin-btc-priceBitcoin Price Chart – Source: TradingView

Looking ahead, two key macro events could act as catalysts:

  • Tuesday: The Federal Reserve’s Payments Innovation Conference, which will cover topics like tokenization, DeFi, and stablecoin use cases
  • Friday: The release of U.S. CPI data, which could influence both Bitcoin and crypto stock price action
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
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