Crypto Stocks Rally as Bitcoin Remains Strong Ahead of U.S. Market Opening

Key Points:

Crypto stocks are on the rise as Bitcoin holds steady above $92,000, with notable recoveries in shares of Strategy (up 12%), Coinbase (up 10%), and MARA Holdings (up 10%).
Bitcoin remains above the Short-Term Holder Realized Price (STH RP) of $92,107, which historically indicates a bullish trend despite occasional dips.

Crypto equities have bounced back following Donald Trump’s announcement of a crypto strategic reserve. With the U.S. market set to open soon, Bitcoin (BTC) has risen above $92,000, bouncing back from a low of $78,000.

As a result, crypto stocks surged after previous declines—Strategy (MSTR) saw a 12% rebound after falling 50% from its peak in November, while Coinbase (COIN) and MARA (MARA) gained 10%, and IREN (IREN) rose by 11%.

Continuation of the Story

Data from Glassnode indicates Bitcoin is exceeding the Short-Term Holder Realized Price (STH RP), which tracks the average investment cost over the last 155 days. Holding above this threshold has historically been a bullish indicator, although temporary dips occurred in October 2023 and 2024 before further gains.

BTC: Long/Short Term On Chain Cost Basis (Glassnode)

Disclaimer: This article contains sections generated using AI tools which have been reviewed for accuracy.