Canaan Inc. (CAN), a leading provider of Bitcoin mining equipment, saw its stock soar 5.22% in a strong trading session for crypto-related stocks. The surge comes as Bitcoin, the world's largest cryptocurrency, broke past the $106,000 mark for the first time in nearly a week, igniting a broader rally across the crypto sector.

The positive momentum in crypto stocks was widespread, with several companies posting significant gains. BitMine and IREN led the pack with over 7% increases, while TeraWulf jumped 6%. Other notable gainers included Circle, Riot Platforms, CleanSpark, and Bitfarms, all up around 5%. BTCS, Coinbase, Bit Digital, and Bullish also saw gains of approximately 4%.

The crypto market's upswing is attributed to reports of a potential agreement in the U.S. Senate to end the 40-day government shutdown, the longest in U.S. history. This development has reignited investor confidence in risk-on assets, particularly in the cryptocurrency space. Ethereum, the second-largest cryptocurrency, also benefited from the positive sentiment, trading above $3,600 with a 7% gain. Other major digital assets like XRP and Solana followed suit with approximately 6% increases. As a key player in the Bitcoin mining equipment industry, Canaan Inc.'s stock price often correlates with the performance of the broader crypto market, explaining its significant rise in today's trading session.