Bitcoin is on the rise again, and investors are taking notice. The price of Bitcoin surged above $97,000 on Wednesday, marking its highest level since last November. This price rally is bringing major benefits to crypto-related stocks, especially those involved in Bitcoin mining and blockchain infrastructure.

Companies like Bitdeer, CleanSpark, and Riot Platforms saw their stock prices jump as Bitcoin climbed. Bitdeer, a Singapore-based Bitcoin mining and AI services company, gained over 15%, closing at $14.76. CleanSpark, a mining and data center operator, rose 6.3% to $13.34. Riot Platforms also saw a 3.2% increase, ending the day at $17.30.

Another big mover was Bakkt, which recently announced it is acquiring a stablecoin services firm. Its stock jumped 12% to close at $21.01. Meanwhile, Ethereum-focused firm BitMine Immersion Technologies saw a 4.7% boost to $32.68 after it added $76 million worth of ETH to its already massive $13 billion treasury.

Strategy, known for being the first publicly traded Bitcoin treasury company, also benefited from the bullish market. Its shares rose 3.6%, closing at $179.33.

The main reason behind this surge in crypto stocks is Bitcoin’s strong price momentum. According to CoinGecko, Bitcoin has gained 7% in the past week and about 3% in just one day. Its trading volume has also spiked by 29%, reaching $117 billion, based on data from CoinGlass.

One of the key factors driving this momentum is growing institutional interest in cryptocurrency. Many large investors are now turning to Bitcoin ETFs (exchange-traded funds), which have seen increased inflows in recent weeks. On-chain data also suggests that big holders are accumulating more Bitcoin, signaling long-term confidence in the asset.

Analysts point to renewed optimism in the crypto space, partly due to a more favorable regulatory environment under the Trump administration. This shift has boosted investor confidence and pushed more money into crypto markets.

Bitcoin is now just 23% away from its all-time high of over $126,000 set last October. Ethereum is also showing signs of recovery, with a 7.5% gain over the past week. However, it’s still down around 32% from its peak last August.

Bitcoin futures are also heating up. Open interest—a measure of total outstanding contracts—has risen by 3.6% in just one day, reaching $66.2 billion according to CoinGlass.

In short, the crypto market is gaining steam again, with rising prices, increased trading activity, and more institutional money flowing in—all pointing to a renewed bullish trend for Bitcoin and other digital assets.