By Alex Kozul-Wright
Crypto-linked stocks were among the best premarket performers in the S&P 500 Wednesday as Bitcoin and other digital assets were also climbing after President Donald Trump extended a U.S. cease-fire with Iran.
Strategy -- the largest corporate holder of Bitcoin -- was up 2.2% ahead of the bell Wednesday, while online trading platform Robinhood rose by 1.6%, and crypto exchange Coinbase advanced 1.8%.
Gains for crypto-linked stocks were "all down to Bitcoin," Nexo analyst Iliya Kalchev told Barron's. The world's premier cryptocurrency hit $78,259 over the past 24 hours, according to CoinDesk, an 11-week high.
"Savvy traders looking for alternatives to digital assets landed on crypto stocks," added Kalchev.
Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
April 22, 2026 07:09 ET (11:09 GMT)
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