Crypto Stocks Pump on Wall Street as SharpLink Gaming Soars 21%

In Brief:

U.S. crypto-related stocks jumped in early trading on July 8, led by SharpLink Gaming with a 21% gain.

Other major movers included Bit Digital (+19%), Bakkt Holdings (+7%), and IREN Ltd (+5%).

U.S. stocks linked to the cryptocurrency sector saw a strong rally in early trading on July 8, with several companies posting double-digit gains. SharpLink Gaming led the surge, climbing more than 21% on the day.

The rally extended across other notable crypto concept stocks. Bit Digital followed closely, jumping over 19%, while Bakkt Holdings and IREN Ltd gained 7% and 5% respectively. The movement reflects renewed investor confidence in digital asset markets amid broader bullish sentiment in crypto.

The surge comes at a time when Bitcoin is hovering near the $110,000 mark and market optimism is high around future ETF approvals, increasing institutional adoption, and blockchain integration across industries. Analysts are closely watching whether these equity moves are the start of a longer-term trend or a short-lived reaction.

As crypto markets remain volatile, equity plays offer investors another route to gain exposure—especially those who may be hesitant to hold tokens directly.

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