Crypto stocks, in general, were exhibiting an uptrend in today’s trading session. Last week, Trump Media, for instance, received a green light from the SEC on its proposed Bitcoin reserve.
Following that move, Trump Media & Technology Group Corp (DJT) shares are experiencing an uptrend in today’s pre-market trading.
The spike has triggered positive sentiment, which can be attributed to the firm’s recent progress on its planned spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs).
Rally in Trump Media Shares
According to data from Yahoo Finance, shares of Trump Media rose 1.65% in pre-market trading. This increase followed a 1.79% surge to $18.21 during Friday’s trading session.
Year-to-date, the stock’s value has plunged 46.60%. However, its market capitalization has moved to over $5 billion. As of this writing, the DJT stock exhibited high momentum and value scores.
As of writing, the DJT stock is pegged at $18.55.
Trump Media is the parent company of Truth Social, which President Donald Trump co-founded and holds a majority stake in.
The firm has openly expressed its love for crypto, particularly Bitcoin. In May, Trump Media announced a $3 billion investment scheme to buy crypto.
The company has also revealed plans to invest in crypto, particularly ETFs. In February, Trump Media filed trademarks for multiple Truth․Fi investment products, including a Bitcoin Plus ETF.
Recently, NYSE Arca, a New York Stock Exchange subsidiary, submitted a proposal to the US Securities and Exchange Commission (SEC).
Through the proposal, NYSE Arca sought to list and trade shares of the Truth Social Bitcoin and Ethereum (ETH) ETF.
The ETFs aim to reflect the price performance of the two largest cryptocurrencies by market capitalization.
The 19b-4 filing follows the S-1 registration statement filed by Trump Media last week.
Trump Media announced a private offering worth $2.3 billion to create a Bitcoin reserve, which the SEC has now approved.
Crypto Stocks Update: Coinbase and Strategy In Spotlight
Similar to Trump Media DJT, the shares of Coinbase (COIN) rose 2.8% in pre-market trading. In the last 24 hours, COIN rallied over 12%, setting the price at $344.82.
The rally in Coinbase stocks is quite impressive, considering the company traded at $308 on Tuesday, June 24, 2025.
Last week, COIN saw a major pullback, with the value dropping to as low as $253. The plummeting price at the time follows the drop in Bitcoin price to the $105,000 level.
Therefore, the latest turnaround in the price of Bitcoin has helped to improve sentiments for the coin.
Similarly, Strategy stock (MSTR) is riding on a positive momentum. Within the last 24 hours, MSTR increased by 9.8% to $377 per share. The average volume is now 14,644,093, while the market cap is over $105 billion.
Bitcoin Regaining Momentum
Bitcoin (BTC), the leading cryptocurrency, is inching closer to hitting a new All-Time High (ATH) after days of persistent volatility.
In today’s morning trading session, Bitcoin crossed over the $107,000 mark, demonstrating its resilience.
At press time, the BTC price was $106,982, up 1.8% from the previous day. The rising trading volume indicates that the coin’s market activity is currently high.
Now that Bitcoin has overcome critical resistance at $107,000, it could easily reclaim its all-time high (ATH).
Market analysts noted that $110,000 is the next resistance to watch. A breakout above this level could trigger the next bullish leg.
On the contrary, failure to reclaim that level may result in continued consolidation.
