Bitcoin Near $65K: Crypto Stocks Stage a Comeback

Bitcoin has once again approached the psychologically important $65,000 level, providing an immediate boost to shares of companies holding large cryptocurrency positions. Strategy rose 3%, while BitMine — an aggressive accumulator of Ethereum — jumped 7% following another large ETH purchase. SharpLink, also building its crypto reserves, gained 5%. The recovery is supported by improving broader risk appetite and expectations of easing regulatory pressure in the United States. Analysts caution that crypto-related stocks often trade at steep premiums to the value of their underlying holdings, making them particularly vulnerable during selloffs.