US crypto-related stocks saw a significant boost in the stock market on May 11, with several shares experiencing notable gains.
A certain exchange led the charge, rising by more than 12% according to Bitget's market data. This increase had a ripple effect, leading other cryptocurrency concept stocks higher.
The rise was not isolated to one particular share, as MSTR and SBET saw increases of 0.92% and 2.08%, respectively. BMNR also joined the trend with a gain of 1.92%. HOOD and Hut 8 were not left behind, rising by 1.91% and 6.96%, respectively.