Robinhood (HOOD) stock jumped nearly 14% on Friday, reaching $108.31 after touching $109.71 during the session. The rally was fueled by a broader crypto market recovery as Bitcoin and major cryptocurrencies gained after President Trump renewed his call for Congress to pass digital-asset legislation. Robinhood customers traded 6.1 billion event contracts in July, 20 times the volume recorded a year earlier. The company reported 28.5 million funded customers and $355 billion in platform assets, with margin balances up 82% year-over-year to $20.7 billion. The $110 area represents the next resistance level for the stock recovery.
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