The actions of companies related to cryptocurrencies are in the green at the start of the week. Strategy (MSTR), Coinbase (Coin) or Mara (Mara) see a renewed interest from investors. How to explain it and it will last?
The actions of Crypto companies increasing this week
Strategy, the company that we still knew recently under the name of Microstrategy, resumed colors on the stock market this week. MSTR action indeed closed up to 10.38 % yesterday. As for Coinbase (corner), it also experienced a clear increase, with +6.94 %.
We also note the very strong progression of societies linked to cryptocurrency mining. Mara (ex-marathon digital) thus takes 18 % in the space of a dayjust like Cleanspark (CLSK), with 18.15 %. Riot Blockchain (Riot) displays +9.69 % over the same period.
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Crypto corporate actions also outcry cryptocurrencies. Bitcoin (BTC) did not progress over the last 24 hours, even losing 0.7 %. As for the Ether (ETH), it lost 1.5 % over the same period.
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How to explain this renewed interest?
The actions of crypto companies are considered a way to invest in the ecosystem, without betting directly on cryptocurrencies. This week, they benefit from renewed general interest in stock marketsrelieved to see that customs duties agitated by the Trump government could be less severe than expected.
This has therefore led to this favor for actions related to Crypto companies, which are also carried by other signs of confidence. A few days ago, President Donald Trump said that the United States would become the ” undisputed superpower of bitcoin »»before promoting your own same this weekend.
🌐 Read on this subject – Donald Trump promotes his same – the course jumps
Another element to take into account this week: The “confirmation” of the new director of the Sec, Paul Atkins, will take place this Thursday. The American financial gendarme has already dropped several legal actions against Crypto companies, it is therefore also a strong signal of Redoux for the ecosystem.
Cryptocurrencies, which have a lot closer to President Trump, are therefore in vogue. It remains to be seen if Bitcoin (BTC) in itself will follow the trendwhile he has been accusing a soft stroke in recent days.
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Source: tradingView
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Journalist at Cryptoast since 2017, I have been passionate about the challenges of decentralization, privacy and regulation. I specialized in the economy and traditional finance by analyzing how the news in this sector influence that of cryptocurrencies, thus offering a unique and enlightened perspective to cryptoast readers.
Marine Debellor
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