Bitcoin News Today: Blockchain Mining Jumps 2.23% as U.S. Crypto Legislation Drives Mixed Pre-Market Rally

In pre-market trading on July 22, 2025, U.S. cryptocurrency-related equities displayed a fragmented performance, with gains and losses split across key names in the sector. Blockchain Mining (BMNR) emerged as the standout performer, rising 2.23% to lead the session. Other notable movers included Robinhood (HOOD), up 1.72%, and Circle (CASH), which climbed 1.48% [1]. Conversely, Coinbase Global (COIN) edged higher by 0.3%, while Sharplink Gaming declined 1.20% and Strategy fell 0.11% [1]. The mixed results highlighted persistent uncertainty in the sector, despite Bitcoin’s stabilization above $118,000, which analysts noted as a sign of consolidation [1].

The legislative landscape played a pivotal role in shaping the day’s trading dynamics. A U.S. legislative initiative aimed at fostering blockchain innovation was cited as a potential long-term catalyst for industry growth [2]. However, the benefits of policy optimism were unevenly distributed. Cathie Wood’s ARK Innovation ETF (ARKK) sold shares of Coinbase, signaling tempered near-term expectations for crypto platforms despite broader regulatory tailwinds [2]. This divergence underscored the sector’s susceptibility to both macroeconomic narratives and firm-specific corporate actions.

Broader market conditions added complexity to the crypto equity landscape. The CSI 300 and Shanghai Composite indices showed mixed outcomes, reflecting global macroeconomic concerns and divergent investor sentiment [2]. Institutional portfolio rebalancing and profit-taking further contributed to the volatile session. While some investors positioned for regulatory-driven rallies, others sought to secure gains following recent Bitcoin and altcoin rebounds [2]. The interplay between speculative optimism and cautionary adjustments defined the pre-market session, with outcomes hinging on technical factors and evolving policy developments.

The uneven performance of crypto stocks emphasized the sector’s reliance on regulatory clarity and macroeconomic stability. Analysts observed that policy frameworks and institutional portfolio dynamics would likely shape the trajectory of blockchain-linked equities in the near term [2]. For now, the market remains in a consolidation phase, with outcomes contingent on upcoming regulatory updates and macroeconomic data releases.

Sources:

[1] [The Economic Times, "Stock Market LIVE Updates | Crypto price today: Bitcoin holds firm above $118,000; Altcoins trade mixed"](https://m.economictimes.com/markets/stocks/live-blog/bse-sensex-today-live-nifty-stock-market-updates-23-july-2025/liveblog/122848236.cms)

[2] [AryaFin, "Crypto Stocks Get a Boost from U.S. Legislation Crypto-related equities rallied after ... equities showed mixed performance: CSI 300 and Shanghai Composite"](https://aryafin.com/stockappnews/)

[2] [Investing.com, "Cathie Wood's ARK ETFs buy AMD, sell Coinbase stock"](https://za.investing.com/news/company-news/cathie-woods-ark-etfs-buy-amd-sell-coinbase-stock-93CH-3798005)