On Thursday, September 11th, many crypto-related stocks, including Galaxy Digital (GLXY), Circle Internet (CRCL), and Bitfarms (BITF), saw significant gains, with some experiencing double-digit percentage increases. This surge was primarily driven by Bitcoin’s [BTC] price rising to $115.5k, a level it hadn’t reached since late August.
Galaxy Digital’s stock jumped 10.7% after the firm withdrew a large amount of Solana [SOL] from Binance and led a major Solana treasury raise for Forward Industries. This activity may signal increasing institutional interest in the crypto space, and the price of Solana itself responded positively, breaking past the $230 mark.
Bitfarms‘ gains could be linked to the current Wall Street trend favoring data center companies. The company is actively expanding into high-end computing, evidenced by the recent appointment of a former Amazon Web Services executive to its board.
Meanwhile, Circle Internet (CRCL) showed signs of a technical breakout, nearing a resistance level of $133.7, which could confirm its short-term bullish momentum.
While most of these stocks saw gains, some Bitcoin treasury companies like Metaplanet posted losses. MicroStrategy (MSTR) saw little change, and Coinbase Global (COIN) experienced a modest increase.
The overall market sentiment, as shown by the Crypto Fear and Greed Index, was at 57, indicating “greed” and a bullish momentum. However, Bitcoin’s price structure remained bearish, and a significant move past the $117.4k mark would be needed to confirm a sustained upward trend.
September 2025, Cryptoniteuae
