Crypto stocks rise premarket as bitcoin hovers near record high; Coinbase Global up 1.6%, Hut 8 Mining up 0.9%, Riot Platforms up 0.3%, Mara Holdings up 0.2%

Crypto stocks rise premarket as bitcoin hovers near record high; Coinbase Global up 1.6%, Hut 8 Mining up 0.9%, Riot Platforms up 0.3%, Mara Holdings up 0.2%

Crypto stocks are experiencing a surge premarket on July 2, 2025, as Bitcoin hovers near its record high. Key players in the crypto sector, including Coinbase Global, Hut 8 Mining, Riot Platforms, and Mara Holdings, have seen notable gains. Coinbase Global is up 1.6%, Hut 8 Mining is up 0.9%, Riot Platforms is up 0.3%, and Mara Holdings is up 0.2% [3].

Bitcoin's price reached a new high of nearly $112,000 on Wednesday, buoyed by growing institutional demand and a broader risk appetite [1]. This surge in Bitcoin's value has translated into optimism for the broader crypto market, driving up the prices of related stocks. The increasing interest from institutional investors, including corporate treasuries and ETFs, has been a significant driver of this trend [1].

The launch of a $1 billion crypto treasury by ReserveOne, a U.S.-based financial firm, is also contributing to the positive sentiment [2]. This move reflects the growing institutional interest in digital assets as a store of value and a hedge against inflation and economic instability. ReserveOne's decision to go public with a crypto-native treasury model could set a new standard for corporate entities managing idle cash reserves in the digital age [2].

However, not all market participants are optimistic. Arthur Hayes, co-founder of BitMEX, has warned of a temporary pullback in Bitcoin's price following President Trump's expected signature of the "Big Beautiful Bill" [3]. Hayes believes that the US Treasury's likely debt issuance could drain liquidity from risk-on markets like crypto, potentially causing a short-term correction in Bitcoin's price. Despite this near-term concern, Hayes remains bullish on the long-term prospects of Bitcoin, predicting that it could reach $1 million per coin by 2028 [3].

In summary, while the near-term outlook for Bitcoin and crypto stocks is influenced by geopolitical events and macroeconomic factors, the broader trend remains positive. The growing institutional interest in digital assets and the launch of innovative financial products like ReserveOne's crypto treasury are driving investor confidence and market growth.

References:
[1] https://www.investing.com/news/cryptocurrency-news/bitcoin-price-today-hits-record-high-near-112k-on-growing-institutional-appetite-4129049
[2] https://www.ainvest.com/news/reserveone-launches-1-billion-crypto-treasury-public-listing-2507/
[3] https://cryptorank.io/news/feed/cd7d5-arthur-hayes-warns-of-bitcoin-dip-as-mining-stocks-climb