Crypto Stocks Explode — Canaan and Yunfeng Financial Surge Over 30%
Source Tradingkey
TradingKey – On Tuesday, July 15, Crypto-Stocks in Hong Kong and U.S. markets rallied sharply following Bitcoin’s recent price spike.
In Hong Kong, crypto equities surged at the open:
- Yunfeng Financial (00376.HK) jumped over 30%, leading the pack
- Jinyong Investment (01328.HK) rose more than 12%
- China Merchants Securities (06099.HK) briefly gained nearly 15%
- VST Holdings (00856.HK) climbed over 6%
In U.S. markets, crypto-linked stocks also posted strong gains on Monday:
- Canaan Inc. (CAN) soared 34%
- Circle (CRCL) rallied over 9%
- Core Scientific (CORZ) rose more than 8%
- MicroStrategy (MSTR) gained nearly 4%
- Robinhood (HOOD) and Coinbase (COIN) each added around 2%
The broad rally was fueled by Bitcoin’s surge above $120,000, which significantly boosted mining-related stocks due to higher fiat-denominated mining revenues. However, at press time, Bitcoin has pulled back, trading at $118,034, just below the key psychological threshold.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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