MicroStrategy, Coinbase Stocks Rise Alongside Bitcoin to Start 2025

Key Points

  • Bitcoin and related stocks like Coinbase and MicroStrategy are rising on Thursday morning.
  • Bitcoin peaked at over $100,000 in December before declining.

Summary

The price of Bitcoin, along with stocks of companies like Coinbase and MicroStrategy, saw an uptick on Thursday morning, marking the first trading session of the new year. This surge follows a pattern observed after Donald Trump's election victory in November, where cryptocurrencies and related stocks rallied before cooling off towards the end of the year. Bitcoin notably crossed the $100,000 mark for the first time in December but retreated subsequently. Industry executives have expressed optimism about a potentially more favorable regulatory environment under a second Trump term. Despite the year-end decline, Bitcoin and related stocks are showing signs of recovery, with Bitcoin rising over 2% to $96,500, and both Coinbase and MicroStrategy gaining nearly 4%. Ethereum also experienced a significant increase. Analysts remain bullish, predicting Bitcoin could reach double its December peak by the end of 2025.

yahoo
January 2, 2025
Crypto
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