Why crypto stocks diverge as BTC hits ATH?

As Bitcoin continues to reach new highs, crypto stocks’ performance diverged.

data from tradingview

Looking at year-to-date (YTD) performance:

  1. $MicroStrategy(MSTR)$ has surged by 150%, reaching $1800 in extended trading.

  2. $Coinbase Global, Inc.(COIN)$ and $CleanSpark, Inc.(CLSK)$ have closely followed BTC's performance.

  3. However, mining stocks $Marathon Digital Holdings Inc(MARA)$ and $Riot Blockchain, Inc.(RIOT)$ have dropped by 14% and 24%.

Why such a stark contrast among these crypto stocks?

  • As the market anticipates the halving in April, output of mining stocks will decrease accordingly.

  • $MicroStrategy(MSTR)$ issues notes to buy BTC.

By transforming assets (newly issued notes) into BTC, the company serves as a leveraged BTC ETF.

As more retail investors begin to trade Bitcoin and crypto stocks, Coinbase's trading volume will surge.

Top 10 Companies with the Largest Bitcoin Holdings

$Hut 8 Mining Corp(HUT)$ $Block(SQ)$

data from bitcointreasuries

With diverged performance, would you invest in Bitcoin, ETF, or crypto stocks?

Which crypto stock are you bullish on?

Will Microstrategy meet $2000 this week?

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# Bitcoin Halving Done: A New Era Begins?

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  • icycrystal
    ·03-14
    TOP
    not into bitcoin, too volatile for my liking...

    what about you darlings?

    @LMSunshine @koolgal @Shyon @Aqa @HelenJanet @GoodLife99 @Universe宇宙 @rL @xXxZealandxXx @aunteenat

    With diverged performance, would you invest in Bitcoin, ETF, or crypto stocks?


    Which crypto stock are you bullish on?


    Will Microstrategy meet $2000 this week?


    Leave your comments and also post to win tiger coins~


    Every valid comment will get at least 5 tiger coins!


    The hot and insightful comment will even get hundreds of tiger coins!

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    • Universe宇宙
      [Chuckle]
      03-15
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    • Shyon
      Cool, thx for tag.
      03-14
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  • Shyon
    ·03-14
    TOP
    CRYPTO Party Now!

    The price of Bitcoin recently hit an all-time high, surpassing the previous record reached in November 2021, hitting 73000 USD.

    The benefit of crypto investments that comes to mind is the significant growth potential. Bitcoin, the largest cryptocurrency globally, highlights this potential by its remarkable returns over the years. Investors must keep in mind that previous returns do not guarantee future returns.

    Cryptocurrencies are part of decentralised networks, meaning they often offer autonomy and enhanced transparency.
    The most important aspect to remember before investing in any cryptocurrency is that the crypto market is highly volatile, and therefore may be riskier than investing in more established assets such as stocks. In any case, putting all of your capital available for investment into cryptocurrencies would be unwise given the high levels of volatility.

    Last but not least, do invest wisely and smartly!

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    • koolgal
      Let's rock and roll with Crypto stocks 😍😍😍
      03-15
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    • ShyonReplying tob1uesky
      No worries, welcome hehe
      03-15
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    • ShyonReplying toUniverse宇宙
      [Blush] [Blush] [Blush] let's party
      03-15
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  • smurfette
    ·03-14
    TOP
    Crypto bull run causing the spike with $MicroStrategy(MSTR)$ and $Coinbase Global, Inc.(COIN)$. Investing in Bitcoin and crypto stocks probably the best given the bull run at the moment. Pros and cons for both - with Bitcoin, the ETFs are a “safety net” in a way, but also reliant on supply and demand and sentiment in the market (i.e. Fear Index). But also more volatile/high risk. Crypto stocks, probably more stable especially $MicroStrategy(MSTR)$ given it is considered a blue chip stock. If you’ve got money you’re prepared to potentially burn, Bitcoin is the way to go, however be conscious of the halving in April. If more risk averse, go crypto stocks. Definitely more bullish on $MicroStrategy(MSTR)$ given their recent pump buying more Bitcoin and that they issue notes. $Coinbase Global, Inc.(COIN)$ although a trusted and stable exchange, some markets like Singapore has tight regulations and could shut down. Weekly TA for Bitcoin shows rise and MSTR high probability of hitting $2k.
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    • koolgal
      Thanks for sharing your valuable insights 😍😍😍
      03-15
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  • MHh
    ·03-14
    TOP
    Will not invest in any of the crypto stocks as i do not understand them fully and the volatily is beyond my risk appetite
    @SR050321 @Universe宇宙 @Kaixiang @rL @AliceSam @DiAngel @SPOT_ON @Fenger1188 @HelenJanet @Success88 come join
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  • Alubin
    ·03-14
    Personally i would rather invest in bitcoin itself. but the idea of crypto being unregulated also means there is possible hacking. Hence likely would invest in etf
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  • nomadic_m
    ·03-15
    have position in $Coinbase Global, Inc.(COIN)$. just riding towards halving. will chaching my initial capital at some point & allow profit to continue from there. it is volatile - yes, it is challenging to the mediocre human brain - yes, is it adrenaline filled - yes!
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  • TimothyX
    ·03-15
    通過將資產(新發行票據)轉換爲BTC,本公司作爲槓桿BTC交易所交易基金。


    $Coinbase Global,Inc。(COIN)$主要作爲加密貨幣交易所運營。
    隨着越來越多的散戶投資者開始交易比特幣和加密股票,比特幣基地的交易量將激增。
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  • Kok
    ·03-15
    Crypto is all about speculation as it's a non productive asset. The volatility, big ups and downs in the crypto market makes it very much a gambling den, a casino. Big risks and big returns. It's a zero sum game. If you win, it means someone else is losing.
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  • Mrzorro
    ·03-15
    People may be buying as they are encouraged by how resilient bitcoin price has been, but that not the case for me [LOL] Interest in bitcoin has also grown since a new flock of exchange-traded funds gained regulatory approval in January. Traders also have been looking forward to the so-called "halving" or "halvening" event, a move that helps control bitcoin supply, which is expected in April. The setup for bitcoin seems "very bullish" and the coin is likely to reach a new all-time high in the coming months.Historically, bitcoin tends to see price appreciation at and after the time of halving, but rarely with significant gains months before halving
    Bitcoin halving refers to a process where block rewards given to crypto miners are cut in half after every 210,000 blocks are mined, so far occurring about every four years. The next event is expected to happen in April this year.To be sure, created in 2009, bitcoin has only gone through three halvings in its history.
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  • Aqa
    ·03-14
    More retail investors are now trading Bitcoin, pushing it to reach new highs and also contribute to Coinbase's trading volume surges everyday. Most Crypto stocks are doing well while Bitcoin rages on. Among the companies with largest Bitcoin holdings, $MicroStrategy(MSTR)$ has the best performance by issueing notes to buy Bitcoins and turning itself into a leveraged Bitcoin ETF. It is on its way to hit USD2000 thus week. $Coinbase Global, Inc.(COIN)$ as a primary cryptocurrency exchange will continue to perform well. It is good to be diversified when investing in Bitcoin, ETF and crypto stocks. Choose to invest carefully. Do due diligence before action.
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  • WanEH
    ·03-14
    而且比特币完全没有任何的资产或生意在背后支撑。除了用来炒作之外,完全看不出有什么意义。
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  • Halving will affect miner's rewards from mining BTC. Therefore, market needs to see the expansion plans of miners or BTC has to doubled from current price to improve the sentiment towards crypto miners.
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  • WanEH
    ·03-14
    我暂时不会去投资如何虚拟货币相关的投资工具。因为我觉得比特币的升幅太夸张了
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  • antiti
    ·03-14
    if more investors trade crypto, coinbase may see record revenues and profits in Q2 or Q3 this year[Miser][Miser][Miser]
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  • What is the highest leverage bitcoin ETF?  I already have BITX.  ARE THERE any others?
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  • highhand
    ·03-14
    decided to rid myself of a volatile asset. so no I will bid invest in crypto related stuff
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  • two different animals, one is feral, another one is wild. [Chuckle]
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  • Success88
    ·03-14
    Come here to read comment and see any investment opportunities
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  • smurfette
    ·03-14

    Watch, read, analyse, and trade with care with the crypto bull run!

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  • That's because the money is only going in 1 direction. Isn't obvious?
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