Bakkt Jumps 17% as Benchmark Lifts Target, Extending 170% Two-Week Rally

Bakkt Holdings (BKKT) cryptocurrency platform shares surged 17% on Tuesday, extending an explosive two-week rally of over 170% as investor confidence in digital asset infrastructure companies strengthens. The remarkable price movement followed Benchmark Company's bullish analyst upgrade, which tripled their 12-month price target to $40, signaling strong institutional support for the blockchain technology firm.

This dramatic cryptocurrency stock rally highlights growing market optimism around Bitcoin and digital asset trading platforms as mainstream adoption accelerates. Bakkt's institutional-focused cryptocurrency exchange and custody services position the company at the intersection of traditional finance and DeFi innovation, making it attractive to investors seeking exposure to the expanding crypto ecosystem.

The sustained momentum in BKKT shares reflects broader bullish sentiment across cryptocurrency markets, with institutional investors increasingly viewing blockchain infrastructure plays as strategic long-term investments. As Bitcoin and altcoin trading volumes surge, cryptocurrency service providers like Bakkt are benefiting from increased transaction fees and growing institutional adoption of digital assets, driving significant shareholder value creation.