Crypto Stocks Surge as Bitcoin Breaks $61,000

US crypto-related stocks showed signs of life during Thursday's premarket session as Bitcoin rose over 2% to trade above $61,000. This marks a significant recovery for the cryptocurrency, which had hit its lowest level since September 2024 in early July.

The market's cautious optimism may be linked to upcoming peace talks in Qatar, which are facing delays due to the funeral of Iran's former Supreme Leader Ali Khamenei, set to begin on July 4. However, the impact of this development is yet to be seen.

Strategy shares rose 5.75% at 7:51 am ET to $98.76, while Circle climbed 4.26% to $64.52. A minute later, Coinbase and Robinhood also gained ground, rising over 3% each.