Crypto equities beat traditional assets by a wide margin this week. MicroStrategy (+29%), CEA Industries (+28%), BitGo (+26%), and Bullish (+25%) led the gains, followed closely by Bit Digital, Sharplink, Bitmine, Riot, Marathon, and Coinbase, all up between +20% and +24%. Most crypto-linked stocks beat Bitcoin's +11% gain, signaling leveraged risk appetite through treasury companies, miners pivoting to AI, and exchange platforms. Traditional markets were much quieter: the Nasdaq gained +5% and the S&P 500 +2%, while the dollar (+1%) and the 10-year yield (+2%) edged higher. Gold (-1%) and the bond ETF (-1%) were the only decliners.
One-liners across all four coverage areas: Treasury Companies, Diversified Crypto, Bitcoin Mining, and Macro & Crypto FX.
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