:max_bytes(150000):strip_icc()/GettyImages-2191304811-bbcfa6abf60a4989a3e1e2b71f86488f.jpg?w=1500&resize=1500,1000&ssl=1 "MicroStrategy, Coinbase Stocks Rise Alongside Bitcoin to Start 2025 | Global News Avenue")
MicroStrategy, Coinbase Stocks Rise Alongside Bitcoin to Start 2025
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Main points
- Prices for Bitcoin and many cryptocurrency-related stocks, including Coinbase and MicroStrategy, were rising Thursday morning.
- The assets rose in the weeks after Donald Trump won the election in November before cooling off at the end of the year.
- Bitcoin peaked in December, crossing the $100,000 threshold for the first time, before falling towards the end of the year.
Stocks of cryptocurrency-focused companies like Coinbase (coin) and MicroStrategy (Magnetic transmission technology) Thursday morning jump to the first trading day of New Year as Bitcoin (Bitcoin USD) also rose.
Cryptocurrencies and some related stocks soared in the weeks after Donald Trump won the election in November, but gains slowed in the second half of December. Several crypto industry executives cheered Trump’s victory as they say The regulatory environment is likely to be friendlier under Trump than under Biden.
Bitcoin was up more than 2% on Thursday morning at $96,500, while Coinbase and MicroStrategy were both up nearly 4%. Ethereum (Ethereum USDAnother popular cryptocurrency also rose more than 3.4% on Thursday.
Bitcoin tops $100,000 for first time in December
Bitcoin first surpassed the $100,000 mark in December, limiting its gains before falling back, Some analysts predict The number of digital currencies could double by the end of 2025.
Bitcoin and stocks typically mirror the performance of cryptocurrencies, but ended the year below those peaks. Coinbase and MicroStrategy have declined in the last four trading days of 2024, while Bitcoin was up less than 1% on December 31.
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