Stock Market Update
20-Aug-26 13:35 ET
Crypto-related stocks sharply higher
Dow -523.44
at 52939.61,
Nasdaq -253.74
at 26098.38,
S&P -43.29
at 7664.69
[BRIEFING.COM] The major averages sit at their session lows early in the afternoon.
While weakness is broad today, Coinbase Global (COIN 173.05, +12.85, +8.02%), Circle Internet Group (CRCL 84.07, +5.48, +6.97%), Strategy Inc (MSTR 111.75, +7.50, +7.19%), Bullish (BLSH 28.13, +1.21, +4.49%), and MARA Holdings Inc. (MARA 10.78, +1.13, +11.71%) are trading sharply higher as President Trump's push for Congress to pass the CLARITY Act fuels a broader rally in Bitcoin and crypto-linked equities. The legislation would create a federal market structure for digital assets, clarify when tokens are treated as commodities or securities, and divide oversight responsibilities more clearly between the CFTC and SEC.
Bitcoin continues to move higher this week, up over 5% today as it approaches the $73,000 mark.
