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:
$MicroStrategy(MSTR)$ has surged by 150%, reaching $1800 in extended trading.
$Coinbase Global, Inc.(COIN)$ and $CleanSpark, Inc.(CLSK)$ have closely followed BTC's performance.
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.
$Coinbase Global, Inc.(COIN)$ primarily operates as a cryptocurrency exchange.
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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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!
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!
@SR050321 @Universe宇宙 @Kaixiang @rL @AliceSam @DiAngel @SPOT_ON @Fenger1188 @HelenJanet @Success88 come join
$Coinbase Global，Inc。(COIN)$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。
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.
Watch, read, analyse, and trade with care with the crypto bull run!