US crypto stocks jump as Bitcoin and Ether rally

Major US-listed crypto stocks surged by double digits as the wider cryptocurrency market rebounded to multi-week highs.

Crypto infrastructure firm Bakkt led gains, jumping more than 31 percent during regular trading and extending gains after hours.

Bitcoin treasury company Kindly MD climbed over 24 percent, ranking among the day’s top performers.

Crypto mining firms also rallied, with American Bitcoin rising more than 13 percent alongside strong gains in Hut 8, IREN and Cipher Mining.

Several mining companies have restructured operations to support artificial intelligence workloads amid rising demand for high-performance computing.

Crypto exchanges Coinbase, Gemini and Robinhood advanced between seven and 7.5 percent as market activity recovered after the holiday lull.

Total crypto market capitalisation rose 1.3 percent in the past day to nearly 3.3 trillion dollars.

Bitcoin gained more than seven percent since the start of January, briefly topping 94,600 dollars before easing.

Ether hit its highest level in over three weeks, while XRP jumped nearly 12 percent to its strongest price since mid-November.

Glassnode analysts said spot market data shows reduced sell-side pressure and improving liquidity, though volatility risks remain.

At the time of reporting, Bitcoin price was $93,813.91.