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Cryptocurrency News Articles
Bitcoin-Associated Stocks Jump as Cryptocurrency's Price Climbs Above $104,000
Jan 18, 2025 at 01:25 am
MicroStrategy (MSTR), the largest corporate holder of bitcoin, saw its shares climb more than 7% by early Friday afternoon. Cryptocurrency exchange Coinbase's (COIN) stock rose around 5%.
Bitcoin-linked stocks rose Friday as the cryptocurrency’s price climbed above $104,000.
The largest corporate holder of bitcoin, MicroStrategy (MSTR), saw its shares climb more than 7% by early Friday afternoon. Cryptocurrency exchange Coinbase’s (COIN) stock rose around 5%. Bitcoin miner Riot Platforms (RIOT) jumped 6% and Mara Holdings (MARA) climbed about 13%.
Bitcoin has been on a tear lately, surging nearly 50% since Donald Trump’s election victory partly on optimism that the incoming administration will be more favorable to crypto. The cryptocurrency hit an all-time high above $108,000 last month.
In December, Trump tapped Paul Atkins to lead the Securities and Exchange Commission. Atkins, a former SEC commissioner under President George W. Bush, has worked recently on digital assets and is set to replace Gary Gensler, who is seen by many as a crypto critic.
Trump will also likely have the opportunity to replace several SEC commissioners whose terms are set to expire during his administration.
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- Bitcoin Whales and Sharks Continuously Fuel BTC Demand, Signaling Market Rally
- Jan 23, 2025 at 01:55 am
- Interest in Bitcoin, the largest cryptocurrency asset remains robust among investors following favorable macroeconomic and market conditions. A strong investor interest signals confidence in BTC’s long-term prospects, which often precedes an increase in prices over some time.
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- Osprey Funds and Rex Shares Could Mark an Important Evolution in Access to Investments in Crypto Through New ETFs on DOGE, BONK, TRUMP, BTC, ETH, SOL, and XRP
- Jan 23, 2025 at 01:55 am
- These two companies, in fact, could soon offer these crypto as regulated instruments for the traditional market through new ETFs.
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