Crypto Stocks Climb Alongside Bitcoin and Nasdaq on Chinese Trade Talk Optimism

Group 1 - Crypto-related stocks experienced gains following positive signals from U.S.-China trade talks, with President Trump expressing optimism about a deal that would allow China to continue supplying rare-earth magnets to the U.S. in exchange for easing tariff threats [1][4] - Bitcoin surged to $116,200 before settling at $115,000, influenced by Treasury Secretary Scott Bessent's comments, with stocks like Robinhood (HOOD) rising by 5% and bitcoin miners such as Hut 8 (HUT) and CleanSpark (CLSK) increasing by 2%-3% [2][3] - American Bitcoin (ABTC), led by Eric Trump, announced the acquisition of 1,414 bitcoin, raising total holdings to 3,865, resulting in a 10.5% increase in its stock price [3] Group 2 - Traditional markets also saw gains, with the Nasdaq up by 1.5% and the S&P 500 increasing by 1%, while precious metals like gold and silver continued to decline, with gold down 3.2% and silver down 4.5% [3] - The upcoming Federal Reserve policy decision is anticipated to lower the benchmark interest rate by 25 basis points, which could lower borrowing costs and encourage risk-taking in cryptocurrencies and tech stocks [5]