US Stock Market Move | Partially encrypted currency concept stocks were strong during market trading, with Strategy (MSTR.US) rising more than 9%.

On Wednesday, some cryptocurrency concept stocks showed strength in midday trading. Strategy (MSTR.US) rose by over 9%, Bitmine Immersion Technologies (BMNR.US) rose by over 7%, Strive (ASST.US) rose by over 4%, and Coinbase (COIN.US) rose by over 2%. In terms of news, today, the price of Bitcoin hit a two-month high, rising by 2.4% to reach $96,348, the highest intraday level since November 16th. The second largest token, Ethereum, also surged by over 5% at one point. Bitcoin ended 2025 in a slump, with a cumulative decline of over 6% for the year, and trading within a narrow range. However, in January, the token showed signs of a potential breakthrough, with traders believing it may gain an advantage in the competition among asset classes. Justin d'Anethan, Head of Research at Arctic Digital, said: "In the medium term, I believe investors may allocate more funds to Bitcoin based on the logic of 'chasing the gold market', while other risk assets are also performing strongly at the moment."