Crypto-linked stocks pop as 2025 kicks off

Crypto-linked stocks were higher in premarket trade on Thursday, as traders hope 2025 to be a robust year for cryptocurrencies. Bitcoin ( BTC-USD ), which breached the $100K mark in 2024, is poised to have a strong year, boosted by expectations that President-elect Donald Trump will oversee a crypto-friendly regulatory apparatus. Crypto-linked stocks had benefited mainly in the last few months of 2024, after Trump won the U.S. presidential elections. Bitcoin ( BTC-USD ) was up 3.6% to $96.5K as at 5:51 am ET. However, despite Bitcoin's ( BTC-USD ) stellar performance in 2024, the story among crypto-linked stocks was far less consistent, with performance varying widely across the sector. MicroStrategy ( MSTR ), which has been on a Bitcoin ( BTC-USD ) buying spree leaped 322% on a one year basis. Coinbase ( COIN ) was up 58.3% , Hut 8 Mining ( HUT ) soared 62.6% , Mara ( MARA ) down 26.9% , Riot ( RIOT ) fell 33.7% , CleanSpark ( CLSK ) down 15.4% , Bitfarms ( BITF ) c rashed 47.5% and Hive Digital Technologies ( HIVE ) was down 35.1% on a one year basis. In Thursday's premarket trade crypto linked stocks were: MSTR +6.2% , HIVE +6.7% , Hut 8 Mining ( HUT ) +5.4% , BITF +4.7% , Cipher Mining ( CIFR ) +5% , Bit Digital ( BTBT ) +5.1% , RIOT +4.5% , MARA +4.2%, COIN +4.6% and CLSK +3.8% . More on cryptocurrencies Bitcoin Disruption: Quantum Computing And OP_CAT Bitcoin's Rise Is Due To Modern Portfolio Theory VanEck Mid-December Bitcoin ChainCheck Bitcoin drifts down as U.S. set to breach debt ceiling