#CryptoStocks Rally for Coinbase and MicroStrategy
Coinbase (COIN) soars to $295, driven by the GENIUS Act and the launch of its payment platform in USDC. Included in the S&P 500, it attracts new institutional flows.
Strategy (formerly MicroStrategy) trades at $369, maintaining a strong exposure to BTC with over 576,000 bitcoins on its balance sheet.
Crypto stocks remain highly correlated with the price of Bitcoin and the regulatory direction in the USA.