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- Bitcoin-related stocks soared in early 2025, with Riot Platforms and CleanSpark leading huge gains.
- Broader U.S. markets rebounded, with the Dow, S&P 500, and Nasdaq posting solid gains.
- Trump’s pro-crypto administration is fueling optimism, with predictions of Bitcoin hitting $150K-$200K this year.
Bitcoin-linked stocks exploded in the early days of 2025, claiming the top spots as the biggest gainers in the U.S. market.
Riot Platforms skyrocketed by 17.97%, ending the day at $12.34, adding $1.88 to its stock price. CleanSpark wasn’t far behind, jumping 14.29% to $10.80. Marathon Digital Holdings and Bitdeer Technologies matched strides with identical gains of 14.12%, closing at $19.64 and $26.10, respectively.
MicroStrategy, the Bitcoin juggernaut, posted a 13.22% rally, shooting up $39.65 to close at $339.66. These gains highlight the surging investor confidence in Bitcoin-centric equities.
US stocks see modest recovery
The broader stock market also rebounded after ending 2024 on a sour note. The Dow Jones Industrial Average rose 0.8% to 42,569.94, the S&P 500 gained 1.3% to hit 5,915.99, and the tech-heavy Nasdaq Composite jumped 1.8%, closing at 19,519.58.
Investors were already optimistic, with the tech sector leading the charge. Tesla climbed 8% after smashing sales records in China. Nvidia added over 4%, boosting the Nasdaq’s performance.
The incoming administration of President-elect Donald Trump is widely seen as pro-crypto, with expectations for favorable policies that could drive further adoption.
The new administration is stacked with crypto supporters. Howard Lutnick at Commerce, Paul Atkins at the SEC, and David Sacks as AI and crypto czar—they’re all in.
Analysts predict that Bitcoin could hit $150,000 to $200,000 in 2025, thanks to increased institutional interest and regulatory clarity.
Meanwhile, the S&P 500 just wrapped up 2024 with its ugliest year-end slump in over seven decades. Between Christmas and New Year’s Eve, the benchmark index dropped 2.6%, its worst holiday season decline since records began in 1952.
But it wasn’t just the U.S. market feeling the pressure. China’s yuan slipped past 7.3 per dollar for the first time since 2023. Analysts see this as a possible move by the People’s Bank of China to stimulate growth by letting the currency weaken. This comes as Chinese stocks hit their lowest levels since September, and sovereign bond yields plummeted to record lows.
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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Jai Hamid
Jai Hamid has been covering crypto, stock markets, technology, the global economy, and the geopolitical events that affect markets for the past 6 years. She has worked with blockchain-focused publications including AMB Crypto, Coin Edition, and CryptoTale on market analyses, major companies, regulation, and macroeconomic trends. She has attended London School of Journalism and thrice shared crypto market insights on one of Africa’s top TV networks.
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