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Bitcoin’s rise to a new all-time high has fueled a powerful rally across cryptocurrency-linked equities. The leading cryptocurrency trades at $124,149.28, up 0.16% over the past 24 hours, according to CoinMarketCap. With Bitcoin’s market capitalization at $2.47 trillion, a question now emerges: Can this momentum sustain a prolonged rally in the crypto sector?
The cryptocurrency mining industry experienced growth as Bitcoin reached record highs. HIVE Digital Technologies climbed 25.17% on Monday to close at $5.57, rising from a previous close of $4.45. Pre-market trading added another 4.49%, lifting the stock to $5.82, according to Google Finance. Its trading range fluctuated between $4.69 and $5.60, the highest in its 52-week range of $1.26 to $5.60.
With a market capitalization of 1.83 billion CAD and an average volume of 37.44 million shares, HIVE’s rally reflects increasing market participation. The company, headquartered in Canada, remains a major US-listed crypto mining security.
Elsewhere, Argo Blockchain recorded the day’s strongest performance, soaring 96% on the London Stock Exchange to 5.3 British pence ($0.07). U.S. rivals Bitfarms (BITF) and IREN (IREN) gained approximately 15%, closing at $3.46 and $57.75, respectively. Major miners Riot Platforms (RIOT) and MARA Holdings (MARA) also advanced 10.9% and 9.3%, ending at $21.56 and $20.57.
These abrupt ascensions by miners are a result of increasing profitability expectations, fueled by the rising price of Bitcoin. Most of these companies have substantial reserves of Bitcoin, which allows them to directly experience the price increases and adjust their operational costs while optimizing expenses.
Crypto treasury companies, which hold digital assets on their balance sheets, also saw broad gains, although results varied by firm. Eightco Holdings (ORBS), a token-buying firm associated with Worldcoin, rallied over 34% to $11. The stock remains below its 2025 peak of $45, which it reached after announcing plans to accumulate Worldcoin tokens.
DDC Enterprise advanced about 22%, signaling renewed investor interest in corporate crypto holdings. In contrast, several peers finished the session lower, reflecting uneven sentiment across the treasury sector.
Shares in MicroStrategy (MSTR), one of the largest institutional holders of Bitcoin, climbed 2.3%. However, GD Culture Group (GDC) and Strive (ASST) fell 4.2% and 2.7%, respectively. Kindly MD declined 8.8% to $1.03, while Semler Scientific (SMLR) posted a modest 0.62% increase.
This mixed performance suggests that while Bitcoin’s strength benefits crypto treasuries, not all are equally positioned to capture its upside. Firms with diversified holdings or limited BTC exposure continue to experience slower gains.
According to CoinMarketCap, Bitcoin’s 24-hour trading volume has seen a 2.03% jump to $70.95 billion. However, its fully diluted valuation (FDV) remained constant at $2.6 trillion. The circulating supply managed to reach 19.93 million BTC, nearing its maximum cap of 21 million. The scenario clearly indicates a tightening of the supply curve.
The volume-to-market-cap ratio of 2.86% suggests active liquidity, whereas Bitcoin’s 100% profile score indicates strong market confidence. Market sentiment has also improved as the S&P 500 is rising 0.36% while investors continue to maintain a balance between cryptocurrency and traditional finance movements.
Also Read: Why is Gold Beating Bitcoin in 2025?
