US Stock Market Move | Bitcoin concept stocks rose before the market, Coinbase (COIN.US) rose by over 7%.

On Wednesday, the concept stocks of Bitcoin soared before the market opened, with Bitcoin briefly surging 5.6% to break through $71,812, reaching a new high in nearly a month; Ethereum also surged 6% to $2,086. At the time of writing, Coinbase (COIN.US) rose more than 7%, MicroStrategy (MSTR.US) rose more than 7.6%, Circle (CRCL.US) rose more than 3%, and Robinhood (HOOD.US) rose more than 5%. On the news front, Mike Selig, chairman of the Commodity Futures Trading Commission (CFTC), posted on social media platforms calling for the "CLARITY Act" to be passed quickly. He stated that Trump's position on promoting the passage of the "CLARITY Act" is correct, and it is crucial to establish a future-oriented digital asset market structure. The CFTC is prepared to implement the legislation during Trump's term, believing that it is a key factor in ensuring that the United States maintains its leadership in the global innovation field.