Why is crypto up today: Circle (CRCL), Coinbase (COIN) lead crypto stocks rally amid Clarity Act progress
By Krisztian Sandor
Published on May 4, 2026.
Crypto-related stocks, including Circle (CRCL) and Coinbase (COIN), rose amid progress on U.S. digital asset legislation and bitcoin BTC $ 80,313.56 breaking above $80,000, boosted investor sentiment across the sector. Circle, the issuer of the USDC stablecoin, surged 18% and U.N.-focused crypto exchange, Coinbase rose about 7%, and BitGo (BTGO), a digital asset infrastructure firm offering custody and stablecoin services, also rose significantly. The long-debated Digital Asset Market Clarity Act is moving closer to passage after a new compromise was released allowing stablecoin issuers to offer yield on idle balances, while still allowing rewards tied to usage and transaction activity.
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