The crypto market has performed well this year, with Bitcoin prices rising nearly 120%, far exceeding the 25% increase in the S&P 500. In this wave of enthusiasm, cryptocurrency-related stocks are not to be outdone. The best performers include MicroStrategy (MSTR), which rose 402% and reached a market value of $83 billion, and Terawulf (WULF), which rose 142% and had a market value of $2.15 billion.

However, not all companies can take advantage of this ride. Poorly performing companies such as Argo Blockchain (ARBK) fell 80% and had a market value of only $44 million, and Gryphon Digital Mining (GRYP) fell 92% and had a market value of $23 million.

The market is changing, and investors need to remain rational and make careful decisions.