As June inflation data was released on July 15, the crypto market saw panic and retreat. However, Coinbase (Nasdaq: COIN), the only crypto stock on the S&P 500, hit an all-time high of $400.88 despite the Consumer Price Index rising 0.3% month-over-month in June.

Coinbase’s resilience continued as the stock traded at $394.22, up 0.05% a day, with a market cap exceeding $101 billion. The company’s success reflects the growing mainstream acceptance of crypto institutions in the U.S. financial ecosystem.

On the other hand, Robinhood Markets (Nasdaq: HOOD) stock remained unaffected by the inflation data, trading at $100.06, up 0.10% a day. The recent launch of tokenized stocks of private companies like OpenAI has driven the stock to new highs despite public scrutiny.

While some crypto stocks like Coinbase and Robinhood remained resilient, others like Strategy (Nasdaq: MSTR), Circle Internet Group (NYSE: CRCL), and Bitcoin miners like MARA Holdings (MARA) and Riot Platforms (Nasdaq: RIOT) experienced declines in their stock prices.

Read more at Yahoo Finance: S&P 500’s only crypto stock shrugs off hot CPI