- Top four cryptocurrency-related stocks on Nasdaq offered double-digit gains over the past five days.
- A collection of 24 global crypto stocks related to cryptocurrency mining, trading and investing have posted over 90% gains in 2021.
- $7.1 trillion worth of stocks is tied to cryptocurrencies and decentralized application projects of Web3.
Cryptocurrency-linked shares are outperforming traditional stocks. Stocks such as Coinbase, CME Group and Hut 8 mining corp are leading the way with double-digit gains as Bitcoin is on the cusp of a new all-time high.
Two dozen crypto stocks have posted 91% in gains this year
Over two dozen global cryptocurrency stocks linked to mining, investing, and trading crypto have posted over 91% gains. Bloomberg curated this group of two dozen crypto companies that outperformed the energy, financial and technology sectors.
As BTC continues its upward climb, stocks of companies that dabbled in cryptocurrencies are at the top of the stock market leaderboard.
Crypto-linked equities surge amid Bitcoin rally.
Craig Erlam, a senior market analyst at a foreign-exchange company Oanda, believes that
It remains to be seen if the ETF listing will stoke the next surge in Bitcoin prices or end up being an opportunity to take profits. Either could be the trigger for some pretty wild price action in the cryptocurrency space.
Crypto mining companies Marathon Digital Holdings Inc, Hut 8 Mining Corp and Bitfarms Ltd., are up over 180% since the beginning of 2021.
Since SEC’s approval of ProShares’ Bitcoin ETF, Coinbase (COIN) has posted nearly 24% gains, and Hut 8 Mining Corp (HUT) gained 21% on Nasdaq. Bitcoin price flirted with its all-time high, and analysts have a bullish outlook on BTC.
FXStreet analysts have evaluated the BTC price trend and predicted that Bitcoin would make a new all-time high before retracing to $58,000.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Bitcoin Weekly Forecast: BTC nosedives below $95,000 as spot ETFs record highest daily outflow since launch
Bitcoin price continues to edge down, trading below $95,000 on Friday after declining more than 9% this week. Bitcoin US spot ETFs recorded the highest single-day outflow on Thursday since their launch in January.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Solana Price Forecast: SOL’s technical outlook and on-chain metrics hint at a double-digit correction
Solana (SOL) price trades in red below $194 on Friday after declining more than 13% this week. The recent downturn has led to $38 million in total liquidations, with over $33 million coming from long positions.
SEC approves Hashdex and Franklin Templeton's combined Bitcoin and Ethereum crypto index ETFs
The SEC approved Hashdex's proposal for a crypto index ETF. The ETF currently features Bitcoin and Ethereum, with possible additions in the future. The agency also approved Franklin Templeton's amendment to its Cboe BZX for a crypto index ETF.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin (BTC) price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot Exchange Traded Funds (ETFs) in January and the reduced supply following the fourth halving event in April.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.