Crypto stocks head for their second day of gains as Bitcoin and other tokens rise: Will the rally keep going?

Yesterday, cryptocurrencies across the board, including major tokens such as Bitcoin, Ethereum, and XRP, received a much-needed boost.

Today, those gains are continuing, with Bitcoin up another 8.2% in the past 24 hours, Ethereum up another 5%, and XRP up more than a staggering 18%.

But the digital tokens aren’t the only assets seeing their value spike. A number of crypto-related stocks are also seeing significant increases on the back of the crypto momentum. Here’s what you need to know.

What’s happening?

As Fast Company previously reported, cryptocurrencies yesterday finally broke out of their months-long rut and began surging. The primary driver for this surge was the U.S. Treasury’s announcement a day earlier that it would double portions of its bond buyback program.

The Treasury announced that it now plans to buy back $4 billion of 10- to 30-year Treasury bonds per operation, up from the usual $2 billion.

The goal is to boost market liquidity. However, a side effect of this increased bond buyback is lower bond yields, meaning investors who own bonds earn less interest.

This often drives investors out of bonds and into riskier assets, which may offer higher returns than they could achieve with bonds.

Yesterday, those investors piled their money into cryptocurrencies as a result, sending the prices of most major tokens significantly higher.

And given those tokens’ price increases over the past 24 hours as of the time of this writing, it seems investors are still eager to snap up crypto on the back of the bond news.

But the digital assets themselves aren’t the only ones benefiting from the bond yield.

Cryptocurrencies are supported by an entire ecosystem of publicly traded companies. And when cryptocurrencies do well, those companies’ stock prices can also get a boost, which is what appears to be happening now.

What crypto-related stocks are doing well today?

There are several publicly traded companies that support the cryptocurrency industry in some form—and many of those companies’ stock prices are up following the rise in crypto prices over the past 48 hours.

Those companies include crypto exchange Coinbase Global, Inc. (Nasdaq: COIN), which saw its stock price increase by more than 7.5% yesterday and is up another 5.6% in premarket trading this morning as of this writing.

Robinhood Markets, Inc. (Nasdaq: HOOD), which also operates as a crypto trading platform, is up more than 5% today. HOOD shares ended yesterday down about 0.7%.

The logic behind this crypto-adjacent boom is fairly simple: as more people rush to buy crypto, these exchanges can benefit by taking in associated trading fees.

Then there are the infrastructure and holding companies, like Circle Internet Group (NYSE: CRCL) and Strategy Inc (Nasdaq: MSTR), respectively.

Circle, which issues the USDC stablecoin and also provides blockchain payment infrastructure, saw its stock price jump by 6.4% yesterday. It’s up another 6% in premarket today.

Strategy, which is a Bitcoin treasury company, saw its shares jump 7.8% yesterday, and they are up nearly 9.6% in premarket today. 

Bitmine Immersion Technologies, Inc. (NYSE: BMNR), an Ethereum treasury company, saw its stock price jump 6.5% yesterday. Today in premarket, it is up another 4.4%.

Then there are the public companies that operate in some form in the crypto mining space. These include the likes of MARA Holdings, Inc. (Nasdaq: MARA), Riot Platforms, Inc. (Nasdaq: RIOT), and CleanSpark, Inc. (Nasdaq: CLSK).

All three companies were up significantly yesterday, with MARA up more than 15%, RIOT over 8%, and CLSK nearly 8%. Today, those companies are up another 5%, 3.4%, and 4.9%, respectively.

Where does the crypto rally go from here?

That’s anyone’s guess. Cryptocurrencies are notoriously volatile, making them one of the riskiest assets you can buy. As you can see from the tokens’ gains in the past 48 hours, their prices can spike—but they can also fall just as hard in a short time, too.

Companies operating in the crypto space can also experience residual volatility. 

What can be said with certainty, however, is that despite cryptocurrencies’ recent gains, most digital tokens have struggled throughout 2026, as higher inflation, geopolitical uncertainty, and investors’ diversion of funds into hot chip stocks have weighed heavily on cryptocurrency prices.

Even with today’s gains, Bitcoin is still down 11.5% since the year began. Ethereum and XRP are also still down nearly 20% and more than 24%, respectively.