Bitcoin Extends Strong Run. These 3 Things Are Set to Drive Cryptos Higher. — Barrons.com
By George GloverThe Bitcoin price was rising again on Thursday, putting the cryptocurrency on course to extend its strong recent run.The world's largest token by total market capitalization was up 1.4% to $108,127 over the past 24 hours, according to CoinDesk data. It's now about 4% off the record high it hit in May.Fellow digital assets Ethereum and XRP were also up over the past 24 hours, according to data from the crypto exchange Kraken.Bitcoin has shaken off any lingering worries about the geopolitical crisis in the Middle East in recent days, with investor focus shifting back to the same catalysts that have supported prices for much of 2025."This month the [crypto] industry is experiencing several tailwinds, including positive capital market events, legislative tailwinds, and higher Bitcoin prices," Clear Street analyst Brian Dobson said in a research note Tuesday.Those drivers include Circle Internet Group making a successful stock-market debut via an initial public offering and the Senate passing a bill to regulate stablecoins, a type of crypto that tends to be pegged to the dollar and backed by physical reserves.Shares in crypto companies such as so-called Bitcoin treasurer MicroStrategy have also been benefiting from the rally in prices. Clear Street has a Buy rating on eight crypto stocks, including the Bitcoin miners Cipher Mining, CleanSpark, and Riot Platforms.Write to George Glover at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.