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Circle, Coinbase lead crypto stocks rally amid Clarity Act progress, bitcoin hitting $80,000
The market is starting to price in potential winners as stablecoin yield compromise opens path for passing key U.S. digital asset regulation, one analyst said.
May 4, 2026, 5:34 p.m. 2 min read
What to know:
- Crypto stocks gained Monday across the board as bitcoin topping $80,000 boosts sector.
- Stablecoin issuer Circle (CRCL) surged 18% as compromise about stablecoin yield spurs optimism in passing key crypto legislation.
- Equity markets begun to pick “potential winners,” with Circle seen as beneficiary of clearer rules, 10x Research founder Markus Thielen said.
Strategy (MSTR), the largest corporate bitcoin holder, crypto-friendly digital broker Robinhood (HOOD) and Ethereum (ETH) treasury firm Bitmine (BMNR) were also up 3%-4%, underscoring the broad-market advance.
The move came as bitcoin pushed above $80,000 during the session, reaching its strongest level since late January and providing a tailwind for the broader crypto sector. BTC advanced nearly 2% over the past 24 hours, leading the broader crypto benchmark CoinDesk 20 Index’s 1.2% gain.
Further boosting investor optimism were signs that the long-debated Digital Asset Market Clarity Act, a key piece of U.S. legislation to regulate crypto markets, is moving closer to passage.
