Crypto Stocks Rise With Bitcoin as Trump Signals Progress in U.S.–China Trade Talks

Robinhood and miners lead gains; American Bitcoin jumps 10% after boosting holdings

Crypto-linked equities advanced Monday as President Donald Trump and Treasury Secretary Scott Bessent expressed optimism over progress in trade negotiations between the U.S. and China, fueling a broader risk-on rally across markets.

“I really feel good about a deal,” Trump told reporters Monday morning, referring to a potential agreement that would allow China to continue exporting rare-earth magnets—vital components in electric vehicles, smartphones, and defense systems—in exchange for easing the recently threatened 100% tariff.

The upbeat tone followed similar comments from Bessent over the weekend, which helped push bitcoin (BTC) as high as $116,200 on Sunday before settling near $115,000 at press time.

Crypto-exposed stocks climbed in tandem.

• Robinhood (HOOD) rose 5%, extending its recent outperformance among listed exchanges.
• Bitcoin miners and AI-linked infrastructure plays such as Hut 8 (HUT), CleanSpark (CLSK), and Iris Energy (IREN) advanced between 2% and 3%.
• American Bitcoin (ABTC) — led by Eric Trump — jumped 10.5% after announcing it had acquired an additional 1,414 BTC, bringing total holdings to 3,865 BTC.

Meanwhile, stablecoin issuer Circle fell 2.3%, underperforming the broader sector.

Traditional markets mirrored the strength, with the Nasdaq Composite up 1.5% and the S&P 500 gaining 1%. In contrast, precious metals extended losses, with gold down 3.2% and silver off 4.5%, as traders rotated into risk assets.

Trump is scheduled to meet Chinese President Xi Jinping on Thursday, with discussions expected to center on rare-earth elements — a sector where China dominates roughly 70% of global production. These materials are essential to electric vehicle motors, wind turbines, and military technology.

The rally also comes as investors prepare for the Federal Reserve’s policy decision later this week. Markets widely expect a 25-basis-point rate cut, a move that could lower borrowing costs and further bolster appetite for cryptocurrencies and technology stocks.