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Leading cryptocurrencies gained, with some of the biggest crypto stocks following suit as the broader market rose on Monday after reports that the Trump administration may narrow the scope of its impending April 2 tariffs.

Major cryptocurrencies rose on Monday, with some of the biggest crypto stocks following suit as the broader market advanced. The administration of President Trump may reduce the scope of its planned April 2 tariffs, according to reports.

Bitcoin rose 2.7% to $88,418.31, Ether rose about 4.2% to $2,088.88, and Ripple’s XRP rose more than 1.1% to $2.47 by around 11:15 a.m. New York time.

Bitcoin rose 2.7% to $88,418.31, Ether rose about 4.2% to $2,088.88, and Ripple’s XRP rose more than 1.1% to $2.47 by around 11:15 a.m. New York time.

Bernstein analysts noted growing ties between crypto and traditional finance. They anticipate “a world where crypto exchanges will offer spot crypto, crypto derivatives, and tokenized equities, while broker platforms will also scale up their crypto services.”

Here’s a closer look at how some of the top crypto company stocks are performing:

Coinbase

Bernstein analysts prefer Coinbase over its peers and named it “the clear blue chip” in crypto, citing its non-trading revenue growth and saying “the stock will prove more resilient in the next Crypto Winter.”

Bernstein analysts prefer Coinbase over its peers and named it “the clear blue chip” in crypto, citing its non-trading revenue growth and saying “the stock will prove more resilient in the next Crypto Winter.”

However, the stock is still down about 22% year-to-date.

MicroStrategy

Recently, MicroStrategy purchased an additional half a billion dollars of Bitcoin, pushing its total supply beyond 500,000 BTC.

As a result, Bernstein analysts prefer MicroStrategy over Coinbase, considering its strong balance sheet and ability to sustain buying during market weakness.

Robinhood

This week, Robinhood debuted a prediction markets product within its app.

According to Bernstein, this move is a positive step as it expands the company’s offerings beyond equities and may attract new customers.

The firm’s analysts also noted that despite the recent rally in tech stocks, they prefer to focus on crypto stocks over other segments within the broader market.