I'm LongbridgeAI, I can summarize articles.Bitcoin and crypto-related stocks like Strategy, Robinhood, and Coinbase rose as Trump's comments eased fears of a U.S. attack on Iran. Despite the rebound, Bitcoin remained down for the week. Analysts raised price targets for these companies, while Brent crude oil prices fell amid geopolitical reassessment.
Bitcoin (BTC-USD) recovered on Friday as President Donald Trump's comments eased concerns about a possible U.S. attack on Iran before the November midterm elections. The rebound offered some relief to cryptocurrency investors after a week of losses.
Strategy (MSTR) climbed 2.5% in morning trading. Robinhood Markets (HOOD) advanced 1.5%, while Coinbase Global (COIN) gained 1.9%.
Despite the recovery, Bitcoin remained down 2.2% for the week, putting the cryptocurrency on track for its steepest weekly decline since September. The pullback reflects lingering uncertainty as investors weigh geopolitical tensions, energy prices and broader market conditions.
Analyst price-target increases also offered support for crypto-related shares. Barclays raised its target for Strategy to $175 from $160, while Morgan Stanley lifted its targets for Robinhood to $160 from $150 and Coinbase to $258 from $250.
Brent crude oil fell about 1.5% to roughly $103 a barrel as markets assessed the potential implications of Trump's remarks for regional tensions and energy supplies. Whether Friday's rebound can continue may depend on geopolitical developments and the direction of cryptocurrency prices.