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Crypto Stocks Climb Alongside Bitcoin and Nasdaq on Chinese Trade Talk Optimism
Robinhood was leading among the exchanges and Trump-affiliated American Bitcoin was higher by 10% after adding to its bitcoin stack.
Updated Oct 27, 2025, 5:19 p.m. Published Oct 27, 2025, 2:39 p.m.
What to know:
- Bitcoin rose sharply over the weekend to above $116,000 at one point on optimism about trade talks with China.
- President Donald Trump said he is hopeful about a deal with China that could ease tariffs in exchange for access to rare-earth magnets.
- Previously soaring precious metals continued to lose some favor with investors.
Crypto-related stocks gained ground Monday after President Donald Trump and Treasury Secretary Scott Bessent signaled that progress was being made in U.S.-China trade talks.
“I really feel good” about a deal, Trump told reporters Monday morning, referring to an agreement that would allow China to continue supplying the U.S. with rare-earth magnets — a critical component in everything from electric vehicles to smartphones — in exchange for easing the 100% tariff threat announced earlier this month.
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This followed similarly positive weekend comments by Treasury Secretary Scott Bessent which sent bitcoin surging as high as $116,200 on Sunday before a modest pullback to the current $115,000.
Among those gaining on Monday were Robinhood (HOOD), up 5%. Bitcoin miners/AI infrastructure plays like Hut 8 (HUT), CleanSpark (CLSK) and IREN (IREN) were ahead in the 2%-3% range.
Eric Trump-led American Bitcoin (ABTC), which announced the acquisition of another 1,414 bitcoin (bringing holdings to 3,865), was higher by 10.5%.
Lagging in crypto was stablecoin issuer Circle, down 2.3%.
Traditional markets were surging as well, with the Nasdaq higher by 1.5% and the S&P 500 1%.
Previously red-hot precious metals continued to lose some flavor with investors, with gold dipping another 3.2% and silver 4.5%.
Trump is scheduled to meet with Chinese President Xi Jinping on Thursday. While specific terms of the potential deal are still being worked out, rare-earth elements are a central piece of the negotiation. China controls about 70% of global production of these materials, which are used in electric vehicle motors, wind turbines and military equipment.
The rally also comes as traders brace for the Federal Reserve’s upcoming policy decision. The central bank is widely expected to lower its benchmark interest rate by 25 basis points, a move that would lower borrowing costs and potentially fuel more risk-taking in assets like cryptocurrencies and tech stocks.
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