--- title: "Bitcoin Breaks $77,000 as Crypto Stocks Surge Across the Board" type: "News" locale: "en" url: "https://longbridge.com/en/news/296629978.md" description: "Bitcoin surged past $77,000 to a near three-month high, with MSTR up over 7%, COIN up nearly 9%, and HOOD rallying over 11%, fueling a broad crypto sector rally." datetime: "2026-08-21T14:22:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296629978.md) - [en](https://longbridge.com/en/news/296629978.md) - [zh-HK](https://longbridge.com/zh-HK/news/296629978.md) generator: "portal-rs" --- # Bitcoin Breaks $77,000 as Crypto Stocks Surge Across the Board U.S. stocks edged higher on August 21, with the major indices attempting to rebound after the prior session's sell-off. At the time of writing, the S&P 500 and Dow were each up roughly **0.3%**, while the Nasdaq gained about **0.6%**. Crypto-linked stocks stole the spotlight as Bitcoin surged past the **$77,000** mark, hitting its highest level since May 27 and notching a cumulative gain of over **20%** over the past five sessions. Across the tape, the crypto sector rallied in force. MSTR, COIN, and HOOD each posted gains exceeding **7%**. Most tech names recovered ground, with attention turning to Nvidia's earnings due next week. On the China ADR front, Alibaba fell over **4%** in pre-market trading, weighing on sector sentiment. Walmart edged lower amid slowing sales and a tepid profit outlook. **Bitcoin Tops $77,000 — Crypto Stocks Erupt** As of publication, MicroStrategy (MSTR) was up over **7%** at **$120.45**; Coinbase (COIN) surged nearly **9%** to **$188.10**; and Robinhood (HOOD) jumped over **11%** to **$106.40**. BMNR and CRCL each posted gains exceeding **10%**. On the macro and policy front, Treasury Secretary Bessent's move to expand liquidity support for Treasuries bolstered market confidence, while former President Trump's meeting with crypto industry leaders and his push for legislative progress further ignited sentiment. That said, analysts cautioned that the current rally largely reflects expectations around fiscal policy direction rather than concrete legislative breakthroughs. **Alibaba Slides Over 4% Pre-Market; China ADRs Mixed** Alibaba (BABA) dropped **4.24%** in pre-market trading. Meanwhile, KE Holdings (BEKE) reported that non-GAAP net profit surged **74.9%** year-on-year to **RMB 3.185 billion**, with net margin hitting a three-year high of **13%**. However, total revenue slipped **5.7%** year-on-year, and home renovation revenue tumbled **30.1%**, leaving the market cautious about its growth trajectory. **Nvidia Earnings Countdown — Market Awaits the AI Bellwether** Nvidia (NVDA) inched higher in early trading as the market zeroed in on its upcoming earnings report, slated for **August 26**. Analysts are forecasting that a **$2.3 trillion** hyperscale revenue backlog and robust AI demand will drive results above expectations. However, Bespoke Investment noted that Nvidia has seen its stock decline following each of its last three earnings beats — whether the chip giant can break that pattern this time around remains a key question. Elsewhere, Goldman Sachs flagged that gold's rally faces rising two-way volatility risk, with recovering Western investor demand and continued central bank buying potentially pushing prices higher, while hedging flows could also accelerate swings. Separately, Trump announced that up to **300,000 metric tons** of imported ground beef would be exempt from above-quota tariffs over the next **90 days**, with the product to be sold at roughly **25%** below market prices. ### Related Stocks - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [BEKE.US](https://longbridge.com/en/quote/BEKE.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) ## Related News & Research - [Bitcoin lands on the same custody rails Citi uses for equities and bonds](https://longbridge.com/en/news/296272222.md) - [Franklin Street Advisors Inc. NC Sells 42,772 Shares of NVIDIA Corporation $NVDA](https://longbridge.com/en/news/296581439.md) - [Strategy's Bitcoin Drought Hits 7 Weeks as Saylor Skips His Sunday Ritual](https://longbridge.com/en/news/296115980.md) - [Nvidia Stock (NVDA) Ditched By Retail Investors Ahead of Q2 Earnings](https://longbridge.com/en/news/296609730.md) - [IREN Just Passed Its Biggest AI Test as Microsoft and Nvidia Bet Billions](https://longbridge.com/en/news/296533962.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**