Crypto Stocks Surge as Bitcoin Tops $74,000 on March 4

Crypto-related equities rallied on March 4 as Bitcoin rose above $74,000, gaining 5.8% during the session, CoinCodex data show. Strategy (MSTR) climbed more than 10%, Coinbase added 14%, and miners Hut 8 and American Bitcoin Corp rose 13.89% and 11.65%, respectively. The move followed comments from former President Donald Trump, who at a White House press conference criticized US banks over delays to crypto legislation, urged the Senate to expedite its review of the CLARITY Act, and said the United States intends to be a dominant force in cryptocurrencies. The CFTC began a regulatory review of prediction markets and the SEC requested clarification on how federal securities laws apply to crypto assets, while continued inflows into spot Bitcoin ETFs reinforced optimism that a clearer regulatory framework may be emerging.