According to media reports, the S&P 500 index has risen 25% so far this year, while the price of Bitcoin has surged nearly 120%. Notably, cryptocurrency-related stocks such as Robinhood (up 203%) and Block (formerly Square) (up 24%) have performed strongly this year.
Additionally, as of December 23, the best and worst performing related cryptocurrency stocks for 2024 are as follows:
MicroStrategy (MSTR) +402%, market capitalization $83 billion;
Terawulf (WULF) +142%, market capitalization $2.15 billion;
Hut 8 (HUT) +75%, market capitalization $2.06 billion;
Bitdeer Technologies (BTDR) +122%, market capitalization $2.75 billion;
Iris Energy (IREN) +65%, market capitalization $2.4 billion;
Coinbase (COIN) +69%, market capitalization $66.5 billion;
Cipher Mining (CIFR) +28%, market capitalization $1.8 billion;
Canaan Creative (CAN) -5%, market capitalization $620 million;
CleanSpark (CLSK) -6%, market capitalization $2.9 billion;
MARA Holdings (MARA) -16%, market capitalization $6.5 billion;
Bit Digital (BTBT) -17%, market capitalization $485 million;
Hive Digital (HIVE) -32%, market capitalization $522 million;
Riot Platforms (RIOT) -27%, market capitalization $3.7 billion;
Bitfarms (BITF) -43%, market capitalization $917 million;
Greenridge Generation (GREE) -74%, market capitalization $25 million;
Argo Blockchain (ARBK) -80%, market capitalization $44 million;
Gryphon Digital Mining (GRYP) -92%, market capitalization $23 million. (TheBlock)