US Stock Market Move | Concept stocks related to cryptocurrency are soaring, with Strive (ASST.US) rising more than 10%.

On Tuesday, the concept stocks of cryptocurrencies surged, with Strive (ASST.US) up more than 10%, Circle (CRCL.US) up nearly 8%, Strategy (MSTR.US) up more than 7%, Bitmine Immersion Technologies (BMNR.US) up more than 6%, and Coinbase (COIN.US) up more than 5%. On the news front, Bitcoin broke above $75,000 in intraday trading, rising over 5% in the past 24 hours. Bitcoin rose to a four-week high as the market hopes for the resumption of peace talks between the United States and Iran, improving risk appetite. It is reported that negotiations between the United States and Iran broke down over the weekend, but US President Trump stated that "the right people" in Iran have made contact and he still hopes to reach an agreement. Analysts at Deutsche Bank Aktiengesellschaft stated in a report that investors are still hoping for a de-escalation of tensions as further negotiations may take place.