According to PANews, 2024 is a milestone year for the cryptocurrency market, marked by iconic events including the launch of the spot Bitcoin ETF, the Bitcoin 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 by 25%, and the price of Bitcoin increased by nearly 120%.
Among the best-performing stocks, MicroStrategy (MSTR) led with a 402% increase, reaching a market capitalization of $83 billion. As the largest corporate holder of Bitcoin, MicroStrategy continued to purchase Bitcoin in large quantities in 2024. Core Scientific (CORZ) followed closely with a 307% increase, successfully signing a 12-year contract with AI giant CoreWeave. Terawulf (WULF) and Bitdeer Technologies (BTDR) also performed strongly, rising by 142% and 122%, respectively.
