Not a word about cryptocurrency
On January 20, the inauguration of the new president of the United States was held, which traditionally issued an introductory speech. Unfortunately, for crypto enthusiasts, Trump did not say a word about cryptocurrencies. Bitcoin after that immediately began to get cheaper. How exactly did the shares of companies that extract BTC invest in it or accept as a means of payment?
Core Scientific (Nasdaq: Corz)
The TOP is opened by the Core Scientific mining company with a capitalization of $ 4.46 billion. Since the inauguration of Donald Trump, its shares rose by 6.53 %. Interestingly, most American brokers consider the company underestimated, prophesying the average price of a share of $ 20.5, that is, 28 % higher than the current one. In the investment company Craig-Hallum and
They think adequate value of securities Core Scientific in $ 24. The main reasons for the confidence of institutional investors are a good report for the last quarter, as well as an innovative operating infrastructure.
Source: TradingView.com
Riot Blockchain (Nasdaq: Riot)
In ninth place is another miner from the United States – Riot Blockchain, the market capitalization of which is $ 4.65 billion. Only 1.12 %added to the post of new American president. The main news of the last time for Riot Blockchain was an announcement according to which the company is going to use capacities for 600 MW for applications based on artificial intelligence and high -performance calculations. Such a change in the paradigm should lead to a decrease in the hashrate of the company. Will the innovations be financially justified for Riot Blockchain? It is impossible to say so far.
Source: TradingView.com
Marathon Digital Holdings (Nasdaq: Mara)
The eighth place in the company focusing on the extraction of bitcoins and the development of blockchain emission. The Marathon Digital Holdings has a market capitalization of $ 6.78 billion. The entry of Trump has little reflected in the stocks of shares: the change was symbolic eight cents or 0.4 %. Investors are waiting for a new financial report to the company. Marathon Digital shares almost all of January unsuccessfully are trying to break through the resistance zone in the area of $ 21-22.
Source: TradingView.com
Galaxy Digital Holdings (TSX: GLXY)
The seventh in today’s top on market capitalization is Galaxy Digital Holdings with an indicator of $ 7.29 billion. The company’s activities are quite diverse: mining, investment, banking and credit services, consulting and much more. Despite the growth from January 20 by 8.62 %, on the last day the Galaxy Digital Holdings shares sank by 4.18 %. It was the fault of the news about reducing assets running the Galaxy Asset Management Foundation by 6.5 %, to $ 5.7 billion. Reason: market reduction in prices and net outflow of funds.
Source: TradingView.com
Block (NYSE: XYZ)
The BLOCK payment service (former Square) is located in sixth place with a market capitalization of $ 53.89 billion. This company not only provides various technological solutions for cryptocurrency transactions, but also invested in BTC since 2024. From the moment Trump returned to the White House, her shares have grown by 1.97 %. Probably the most important news for Block in January was a change in the trade ticker on the New York Stock Exchange (NYSE). If earlier it was SQ, now – XYZ.
Source: TradingView.com
Grayscale Bitcoin Trust (NYSE: GBTC)
In fifth place is the Bitcoin-ETF SPOLICE GRAYSCALE-Grayscale Bitcoin Trust with a market capitalization of $ 57.58 billion. Its shares (share) since the inauguration of Trump have not changed in price, adding symbolic 0.1 %. GBTC in January continued the outflow of cash. In total, from the beginning of the month, investors have withdrawn over $ 230 million.
Source: TradingView.com
Coinbase (Nasdaq: Coin)
In fourth place is the largest American Coinbase crypto -rope with a market capitalization of $ 74.6 billion. From January 20, its shares increased by 0.85 %. The main catalyst for further securities of Coinbase should be a financial report for the fourth quarter of 2024, which will be released in February. The company has been preserved for the past year and a half of a year and a half of the company (profit to deduction of interest, taxes, wear and depreciation of assets), which instills optimism in investors to continue the trend.
Source: TradingView.com
Microstrategy (Nasdaq: Mstr)
One of the largest investors in Bitcoin, a company that also provides cloud storage services and business analytics. Microstrategy ranks third with the market capitalization of $ 87.17 billion. After Trump returned to the oval office, its shares collapsed by 10.8 %. The reasons for the decrease may be the company’s ambiguous actions in the last month: an announcement of early bonds of bonds for $ 1.05 billion, which is scheduled for February, as well as selling its own shares and buying Bitcoin in January. Perhaps everything will change on February 6, when the company’s report on its activities for the fourth quarter of 2024 will be published.
Source: TradingView.com
PayPal (nasdaq: pypl)
The second place is PayPal’s payment service, which also provides cryptocurrency services. Market capitalization – $ 89.33 billion. After January 20, the shares fell 2.94 %. Such dynamics can be explained by the sales of papers with large capital. For example, the German Asset Management company Meag Munich Ergo Asset reduced its share in PayPal,
Submitting In the reports for the US Securities and Exchange Commission (SEC).
Source: TradingView.com
Tesla (nasdaq: tsla)
The first place is occupied by a car manufacturer and one of the largest investors in BTC Tesla with a capitalization of $ 1.305 trillion. After Trump returned to the presidential powers, the company’s shares fell by 4.67 %. The main reason for the decline could be the promises of the new head of the White House about the abolition of a number of privileges for manufacturers of electric cars, which Tesla produced.
Source: TradingView.com
Conclusion
The shares of most crypto companies increased in price after January 20, 2025. This time was only the largest players in outsiders: Tesla, PayPal and Microstratrate, which lost from 2.94 % to 10.8 %.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
