Shares in cryptocurrency companies rose sharply on Monday, 9 November 2026, even as the price of bitcoin itself fell, in a split that left crypto equities moving with the wider stock market rather than with the coins they are built on.

Gemini led the advance, closing up 10.6% at $2.72. Bullish gained 6.9% to $22.80, Robinhood rose about 3% to $83.32, Coinbase added about 1%, and bitcoin miner MARA Holdings rose 4.6%, according to CoinDesk and market data. The gains came on a day when the Nasdaq Composite rose 2.74% and the S&P 500 gained 2.35%.

Bitcoin slips while stocks surge

Bitcoin, by contrast, dipped about 1.1% to around $74,800. Ether and XRP fell by closer to 5%, and Solana dropped just under 3%. The token had fallen as low as about $73,761 late on Sunday, its lowest level since August, before recovering above $75,000. More than $1 billion of leveraged long positions were liquidated over 24 hours, including $913 million of longs, according to CoinGlass data reported by CoinDesk.

Bitcoin was trading close to its 200-day moving average of about $73,151, a level traders watch as a guide to the longer-term trend. The $74,000 to $75,000 area is now the near-term zone to watch, with a move back above $78,000 needed to change the short-term picture.

Still sharply lower in recent weeks

Monday's gains did not erase recent losses. Crypto-related shares remain sharply lower over recent weeks after a difficult stretch for digital assets, and Gemini remains down about 73% so far in 2026 despite Monday's jump. Bitcoin itself is down about 41% from its all-time high of $126,210.50, reached on 6 October 2025.

CoinDesk also reported that MARA Holdings sold $1.1 billion of bitcoin in October to pay down debt. Investors now turn to Tuesday's US consumer price report for October, due at 8:30 a.m. Eastern Time, which is the last inflation reading before the Federal Reserve's December meeting.

More results due this week

Gemini is due to report third-quarter results on 12 November, and Bullish is expected to report on 18 November, so traders will soon see whether the exchanges' own trading volumes held up through the sell-off. The pattern on Monday was familiar from earlier in the year: when share markets fell, crypto fell with them, but when equities rose, digital assets did not follow. That gap has left crypto stocks trading more like ordinary growth shares than like the coins themselves, at least for now. Prices can move sharply in either direction, and Monday's gains did not erase recent losses.