Big changes in crypto after big moves in stocks

Bitcoin has stayed above $80, 000. That helped push investor excitement into smaller cryptocurrencies. Solana, Chainlink, SUI, and Polkadot all climbed around 5%. Near Protocol and Uniswap did even better, jumping about 7%. Internet Computer’s ICP coin led the pack with nearly 12% gains. Strong stock markets added to the positive mood. The Nasdaq tech index jumped 2. 2% to set a new record. The S&P 500 also reached an all-time high after gaining 0. 85%. Jobs data helped too. The US added 115, 000 new jobs in April—not bad for the economy. The unemployment rate stayed flat at 4. 3%. Coinbase’s stock bounced back after a rough week. Shares rose 10% after an earnings report showed a $398 million loss. Trading activity dropped during the quarter. Tech problems also caused an outage on Friday that lasted several hours before fixing itself.Analysts aren’t giving up on crypto stocks long-term. They point to stablecoins and new regulations as reasons to stay hopeful. New rules around crypto trading and blockchain finance could be coming soon. The SEC’s Paul Atkins hinted at these changes. He also praised efforts to update crypto market laws in Congress. Companies connected to crypto tokenization surged too. Bullish rose 6%, BitGo climbed 10%, and another firm gained 4. 3% from a planned merger with Securitize. The big question now is whether these gains can last. Crypto often follows stock trends, so today’s wins might not be tomorrow’s reality.