Coinbase rebounds as altcoins surge with bitcoin holding above $80,000
With bitcoin holding above $80,000 and stocks pushing to fresh record highs, risk appetite spilled deeper into crypto markets Friday, lifting altcoins and blockchain infrastructure plays. Solana (SOL), Chainlink , and rose around 5%, while Near Protocol (NEAR) and Uniswap (UNI) gained roughly 7%. Internet Computer Protocols ICP jumped nearly 12%, leading majors higher. The move came alongside another strong session for equities. The tech-heavy Nasdaq climbed 2.2% to fresh record highs, while the Ss trading platform also suffered early Friday a several hours long outage due to an AWS failure that was fully resolved later. Despite the weak quarter, several Wall Street analysts focused on longer-term tailwinds tied to stablecoins and crypto regulation. That narrative gained momentum after SEC Chair Paul Atkins said Friday that the agency is weighing new rulemaking around onchain trading systems, crypto custody infrastructure and blockchain-based settlement rails as finance increasingly converges with AI and distributed ledger technology. Atkins also reiterated support for congressional efforts to advance crypto market structure legislation, comments investors viewed as supportive for tokenization and blockchain-based financial infrastructure. The theme drove gains in related equities. Bullish (BLSH), CoinDesks parent company, that this week announced a deeper push into tokenization, rose 6%. Digital asset infrastructure firm BitGo (BTGO)