According to PANews, 2024 is a milestone year for the cryptocurrency market, with landmark events including the launch of the spot Bitcoin ETF, Bitcoin's halving event in April, and Trump's support, all of which have brought volatility to cryptocurrency-related stocks. Overall, the S&P 500 index rose 25% and the price of Bitcoin rose 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.
