According to Zhitong Finance APP, as traders expect 2025 to be a strong year for cryptocurrencies, stocks related to cryptocurrencies rose sharply in pre-market trading on Thursday.
Bitcoin broke the $100,000 mark in 2024, and stocks related to cryptocurrencies mainly benefited in the last few months of 2024 after Donald Trump won the U.S. presidential election.
With expectations that President-elect Donald Trump will establish a cryptocurrency-friendly regulatory agency, the market anticipates a strong performance for Bitcoin this year. As of the time of writing, Bitcoin rose 2.15% to $965,000.
However, despite Bitcoin's outstanding performance in 2024, the performance of cryptocurrency-related stocks has been far from consistent, with significant variations across the industry. MicroStrategy (MSTR.US), which has been aggressively buying Bitcoin, surged 322% over the year, becoming the undisputed big winner. Coinbase (COIN.US) rose 58.3%, and Hut 8 Mining (HUT.US) soared 62.6%.
Meanwhile, some cryptocurrency concept stocks also faced significant declines, with MARA Holdings (MARA.US) down 26.9%, Riot Platforms (RIOT.US) down 33.7%, CleanSpark (CLSK.US) down 15.4%, Bitfarms (BITF.US) plummeting 47.5%, and Hive Digital Technologies (HIVE.US) down 35.1%.
In Thursday's pre-market trading, cryptocurrency-related stocks rose, with MicroStrategy up 5.2%, Hive Digital Technologies up 5.3%, Hut 8 Mining up 5.4%, Bitfarms up 5.37%, Cipher Mining (CIFR.US) up 4.53%, Bit Digital (TBBT.US) up 4.78%, Riot Platforms up 3.53%, MARA Holdings up 3.76%, Coinbase up 3.95%, and CleanSpark up 2.93%

MARA

RIOT

Due to traders' expectations that 2025 will be a strong year for cryptocurrencies, stocks related to cryptocurrencies rose sharply in pre-market trading on Thursday. Bitcoin increased by 2.15% to $965,000, MicroStrategy rose by 5.2%, and Hut 8 Mining climbed by 5.4%. However, some cryptocurrency concept stocks such as Mara Holdings and Riot Platforms experienced significant declines, falling by 26.9% and 33.7%, respectively

- In anticipation of a strong year for cryptocurrencies in 2025, related stocks rose in pre-market trading on Thursday.  
- Bitcoin surpassed $100,000 in 2024, benefiting from expectations that President Trump would create a favorable regulatory environment for cryptocurrencies, with Bitcoin up 2.15% to $965,000.  
- While MicroStrategy saw a 322% increase, other crypto stocks experienced mixed results, with significant declines for some, such as MARA Holdings down 26.9% and Riot Platforms down 33.7%.

Zhitong

Mara

Riot Platforms

CAM BTC

Franklin Bitcoin ETF

Grayscale Bitcoin Trust BTC - ETF

Trump Media & Tech - CW28

GraniteShares 2x Long COIN Daily ETF

Hashdex Bitcoin Futures ETF

CleanSpark

CoinShares Bitcoin ETF

Coinbase

Fidelity Wise Origin Bitcoin Fund - ETF

Hut 8 Mining

Trump Media & Tech

FA CSOP BTC

Defiance Daily Target 2X Short MSTR ETF

Bitwise Bitcoin ETF

WisdomTree Bitcoin Fund

FI CSOP BTC

BOS HSK BTC

HGI BTC

ARK 21Shares Bitcoin ETF

Invesco Galaxy Bitcoin ETF

FA SAMSUNG BTC

Phunware

VanEck Bitcoin ETF

iShares Bitcoin Trust ETF

ProShares Ultra Bitcoin ETF

Cryptocurrency concept stocks collectively rose, welcoming a "good start" in 2025