During regular trading on Sep 20, the crypto sector surged with all mainstream names posting gains. MicroStrategy (MSTR.US) led the sector, up over 16% at $153.92; Coinbase (COIN.US) followed closely, up nearly 12% at $194.25. Robinhood (HOOD.US), Bitmine Blockchain (BMNR.US), and Circle (CRCL.US) also showed strength, gaining approximately 9%, 9%, and 8% respectively.
The broad-based rally reflects continued investor appetite for crypto-related assets. MSTR, as a major Bitcoin holder, sees its stock highly correlated with Bitcoin prices; COIN, as the largest US crypto exchange, directly benefits from increased trading activity. HOOD, with its expanding crypto trading business, BMNR as a Bitcoin miner, and CRCL as a stablecoin issuer, all attracted capital during the crypto asset price uptrend.
Sector constituents
| Name | Ticker | Last | Change |
|---|---|---|---|
| MicroStrategy | MSTR.US | 153.92 | +16.39% |
| CCUP | CCUP.US | 26.32 | +16.36% |
| Coinbase | COIN.US | 194.25 | +11.66% |
| Robinhood | HOOD.US | 119.82 | +9.12% |
| Bitmine Blockchain | BMNR.US | 25.99 | +8.79% |
| Circle | CRCL.US | 91.78 | +7.86% |
| CRCD | CRCD.US | 1.86 | -15.68% |