PANews reported on December 25 that 2024 is a milestone year for the cryptocurrency market. Signature events include the launch of the spot Bitcoin ETF, the Bitcoin halving event in April, and Trump's support, which have brought volatility to cryptocurrency-related stocks. Overall, the S&P 500 index rose by 25% and the price of Bitcoin rose by nearly 120%.
Among the best performing stocks, MicroStrategy (MSTR) led the way with a 402% gain, bringing its market value to $83 billion. As the largest corporate holder of Bitcoin, MicroStrategy continued to buy large amounts of Bitcoin in 2024. Core Scientific (CORZ) followed closely with a 307% gain, successfully signing a 12-year contract with AI giant CoreWeave. Terawulf (WULF) and Bitdeer Technologies (BTDR) also performed strongly, rising 142% and 122%, respectively. In addition, Coinbase (COIN) rose 69%, with a market value of $66.5 billion, and performed steadily.
Among the worst performing stocks, Greenridge Generation (GREE) plunged 74%, Argo Blockchain (ARBK) fell 80%, and Gryphon Digital Mining (GRYP) fell 92% due to a sharp drop in revenue.
