In general, the influence of Donald Trump’s tariffs and policies on the stock market is clearly negative. The S&P 500 index has lost more than 13%over the past three months, and this suggests that large companies are under blow. And what about crypto companies that get bitcoin, invest in it or accept as a means of payment?
Clean Spark (Nasdaq: Clsk)
The tenth place goes to the Clean Spark mining company with a market capitalization of $ 2.46 billion. 30.49%added to its shares immediately in April. However, such an impressive result became possible only thanks to the last trading session on April 22, when securities added 17.4%at once. The fact is that Bitcoin reached $ 90,000 again against the backdrop of the negative rhetoric of Donald Trump about the head of the federal reserve system (Fed) Jerome Powell.
Source: TradingView.com
Riot Platforms (Nasdaq: Riot)
The ninth on the list is another miner – Riot Platforms, the market capitalization of which is $ 2.49 billion. Unlike Clean Spark, the cost of its shares has not changed since the beginning of the month. Again, if not for the latest news associated with the possible resignation of Powell, then Riot would be in April in a serious minus. In general, the shares of the company are still in a descending trend-since the beginning of the year they have sank by more than 32%.
Source: TradingView.com
Galaxy Digital Holdings (TSX: GLXY)
In eighth place is the Galaxy Digital Holdings company with a market capitalization of $ 4.7 billion. Its activities are quite versatile and includes mining, trading, asset management and much more. Since the beginning of April, the Galaxy Digital shares added more than 20%. One of the news that prompted the growth of securities was reorganization Companies and its re -registration from the Kaiman Islands to Delaware. In the future, it is quite possible to place the Galaxy Digital shares on the NASDAQ exchange.
Source: TradingView.com
Mara Holdings (Nasdaq: Mara)
The seventh place at Mara Holdings (former Marathon Digital Holdings) with a capitalization of $ 4.86 billion. The company is engaged in mining and the development of various solutions on the blockchain. In April, its shares increased by 22% – after a long correction, the effect of the report for the fourth quarter of 2024 begins to appear, when Mara Holdings showed an increase in profit by 37% with respect to the same period a year earlier.
Source: TradingView.com
Block (NYSE: XYZ)
The sixth largest in market capitalization was Block with $ 33.65 billion. Its main activities are related to payments, including cryptocurrency, and recently Block also began to invest in Bitcoin. The company’s shares are in a fairly long descending trend, which lasts since December. In April, the dynamics turned out to be zero. At the same time, there was enough negativity. At the beginning of the month, it became known that the company should pay $ 40 million, as it committed a number of gross violations in compliance with the program against money laundering on its Cash App.
Source: TradingView.com
Coinbase (Nasdaq: Coin)
The fifth place in the Coinbase crypto -tank with a market capitalization of $ 48.23 billion. April was successful for the company: its shares flew 10%. The main reason is the general resale of Coinbase securities. The first quarter has become the worst for the company’s shares over the past three years – from January to March they fell by 33%. It is not surprising that the growth should have begun once.
Source: TradingView.com
Grayscale Bitcoin Trust (NYSE: GBTC)
The fourth in the list of the largest crypto companies was the Bitcoin Bitcoin, the Grayscale Bitcoin – Grayscale Bitcoin Trust with a market capitalization of $ 50.05 billion. Duties themselves have little effect on the activities of the investment fund. His shares (PAI) in April increased in price by 10.93%. But investors continue to frighten economic uncertainty. This caused the ongoing cash outflows from GBTC – from April 1 to 22, they amounted to $ 154.75 million.
Source: TradingView.com
PayPal (nasdaq: pypl)
It opens the top three crypto companies on market capitalization Paypal payment service with $ 60.03 billion. The company provides the opportunity for its customers to perform operations in digital assets, in addition, it has its own Pyub -Steusd stabelcoin. April turned out to be not too successful for PayPal: its shares fell by 5.87%. New import duties can be greatly hit on the profit of the company, due to a decrease in the volume of customer transfer due to consumer prices.
Source: TradingView.com
Strategy (nasdaq: mstr)
A large Bitcoin investor-Strategy (former Microstrategy) takes the second place with a capitalization of $ 92.23 billion. In addition to cryptocurrency investments, the organization is also involved in the development of software for mobile devices, cloud technologies and business analytics. April turned out to be successful for the company’s shares: their growth was 19%. Such a dynamics of securities Strategy is explained, among other things, the increase in the cost of bitcoin in mid -April. Conservation of the trend will depend on the financial indicators of the company. On May 1, it is planned to disclose the results for the first quarter of 2025. Near this date, a surge of volatility in MSTR is possible.
Source: TradingView.com
Tesla (nasdaq: tsla)
In the first place in market capitalization, the manufacturer of electric cars and part -time large investor in Bitcoin – Tesla with $ 765.43 billion is not the best month for the company: its shares lost 8.18%. This is not surprising, since new duties on Chinese goods will hit Tesla quite strongly, since about 40% of materials for electric batteries receives from suppliers from the Middle Kingdom. Obviously, in new realities, production will become more expensive, and to withstand competition will be more difficult.
Source: TradingView.com
Conclusion
Most cryptocurrencies quite indifferently met the new duties of Donald Trump. Their shares either grew, or showed zero dynamics. Only Tesla and PayPal, whose securities have fallen in price, were the exception.
This material and information in it is not an individual or other other investment recommendation. The view of the editorial office may not coincide with the opinions of analytical portals and experts.
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.
