## Cryptocurrency Sector Experiences Uptrend – Robinhood and Hut 8 Drive Tech Stocks Higher

The cryptocurrency markets are showing their strongest performance at the start of the week. Bitcoin broke through the psychologically important level of $96,000 and is currently trading at an impressive $96,880. Ethereum meanwhile climbed to $3,370, while XRP trades at $2.13, maintaining a multi-month high.

### Stock stars with price speculation

Market enthusiasm is immediately translating into gains for publicly traded crypto companies. Robinhood, listed under the ticker HOOD on Nasdaq, recorded a strong gain of around 7 percent and closed the session at approximately $123. The company benefits from its innovative approach in the prediction markets sector and generates attention on social media for bets on Oscar winners and festival headliners.

Even more impressive was the performance of specialized miners. Hut 8 (NASDAQ: HUT) achieved share gains of over 13 percent, marking a strong trading day with closing prices near $58.25. The company benefits from its strategic partnership with Google in a groundbreaking AI infrastructure deal, which could involve a volume of up to $17.7 billion.

### Infrastructure mega-deals fuel miner rally

A key driver of today’s price movements is long-term cooperation between miners and technology giants. Iris Energy, known under the ticker IREN, rose by 13 percent to $48.24. The basis: a $9.7 billion contract with Microsoft to provide critical computing capacity through 2026.

These strategic deals signal a new level of confidence in the infrastructure of the crypto sector and its importance for AI development.

### Major players follow the trend

Coinbase, the prominent trading platform listed on Nasdaq (Ticker: COIN), increased by nearly 8 percent and traded below $255 at the close. The company, with a market capitalization of around $69 billion, continues to focus on gamification and attracts traders with raffles of attractive prizes.

Complementing this positive market dynamic, specialized players like Gemini (plus 7 percent) and other Bitcoin and Ethereum treasury solution providers also showed significant gains.

### Conclusion

Monday underscores a fundamental shift in the market: not only Bitcoin, Ethereum, and XRP are gaining relevance – companies building the infrastructure of the crypto sector are now receiving increased attention from institutional investors. With Robinhood and Hut 8 at the forefront, it is clear that the sector remains attractive both for established fintech players and for specialized tech miners.