Bitcoin’s Rally Lifts Crypto Stocks
Bitcoin climbed past $66,000 on July 21, 2026, reaching $66,320, while Ethereum traded above $1,900 at $1,920.99 and XRP recovered beyond $1.14 to $1.15. The combined value of all cryptocurrencies increased 2.08% within 24 hours to reach $2.26 trillion, according to data from crypto.news. This upward move sent three crypto-related stocks soaring during Tuesday’s trading session: Circle Internet Group (CRCL), BitMine Immersion Technologies (BMNR), and Strategy (MSTR).
Circle Internet Group (CRCL) Leads with 8.6% Gain
Circle Internet Group recorded the largest gain among the three companies, with CRCL closing at $71.08 after opening at $68.94. TradingView data showed that the stock reached an intraday high of $72.68 and a low of $68.65 before ending the session 8.6% higher. CRCL also moved above the upper boundary of a descending channel that had controlled its price since early June. The supplied daily chart places the former channel resistance near $65, making that level the first area buyers may need to defend if the breakout faces a retest.
Momentum indicators support the recovery, although money flow remains a concern. CRCL’s Aroon Up reading reached 85.71%, while Aroon Down fell to zero, which the TradingView chart identifies as stronger upward momentum; however, the Chaikin Money Flow reading remained negative at -0.25, showing that buying pressure has not yet produced sustained capital inflows. Based on the visible chart structure, the next resistance range sits between $75 and $80. A move back below the broken channel boundary near $65 would weaken the breakout, while the recent base around $60 provides the next visible support area.
BitMine Immersion Technologies (BMNR) Breaks Resistance
BitMine Immersion Technologies closed at $17.23, rising 3.61% after trading between $16.69 and $17.24. The advance came as investors assessed BitMine’s latest Ethereum purchases and its share-repurchase program ahead of the Fed meeting. According to the company figures cited in the report, BitMine acquired another 7,430 ETH during the week, raising its holdings to 5.78 million tokens. The company has staked 4.92 million ETH, equal to about 85% of its Ethereum treasury, while its combined crypto assets, cash, and investments stood at $11.5 billion. BitMine also repurchased 5.5 million shares at an average price of $15.62, according to the same company update.
Its daily chart showed BMNR breaking above a descending trendline that had capped the stock since May, while the price also crossed the Supertrend level at $16.53. BMNR’s Relative Strength Index rose to 58.71, compared with its signal average of 47.17, according to TradingView. Since the RSI remains below the 70 overbought threshold, the indicator leaves room for an advance toward the visible $18 resistance, followed by the previous consolidation area near $20; a close below $16.53 would weaken the reversal setup, with additional support shown at $13.83.
Strategy (MSTR) Reclaims $100 Mark
Strategy shares ended Tuesday at $101.95 after rising 4.22%, TradingView data showed. MSTR traded as high as $104.60 and briefly fell to $99.95, but buyers returned around the psychologically important $100 level before the close. Michael Saylor disclosed that Strategy increased its U.S. dollar reserves by $225 million, bringing the company’s cash reserve to $3.2 billion. The report also placed Strategy’s Bitcoin holdings at 843,775 BTC, keeping MSTR closely exposed to changes in the cryptocurrency’s market value.
MSTR has reclaimed the Bollinger Bands midpoint at $94.79 and is approaching the upper band at $105.36, according to the supplied daily chart. A confirmed move above that upper boundary could open the area around $110, while a rejection would keep $100 and the middle band near $95 as the first support levels. Despite Tuesday’s recovery, MSTR’s Average Directional Index stood at 18.77. TradingView’s indicator reading shows that the stock does not yet have a strong directional trend, leaving the breakout vulnerable if Bitcoin loses momentum or the Fed delivers a more restrictive policy message.
Key Factors Behind the Surge
Investor interest in crypto-linked equities increased as U.S. lawmakers pushed for digital assets. As such, expectations surrounding the CLARITY Act supported companies with direct exposure to cryptocurrency prices, stablecoin activity, and corporate crypto holdings. The broader crypto market strength provided a tailwind for these three stocks, with CRCL, BMNR, and MSTR all benefiting from Bitcoin’s move above $66,000.
Fed Meeting Looms as Next Test
The Federal Reserve is scheduled to meet on July 28 and 29, with markets expecting policymakers to leave interest rates unchanged, according to the report. Investors will instead examine Chair Kevin Warsh’s comments for clues about inflation, economic growth, and the timing of future policy changes. A balanced policy message could help Bitcoin and crypto-linked equities preserve Tuesday’s gains. More hawkish guidance could encourage profit-taking, placing CRCL’s channel breakout, BMNR’s Supertrend reversal, and MSTR’s recovery above $100 under immediate pressure.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
