🔵2024 Cryptocurrency Stock Performance: MicroStrategy Up 402%, Core Scientific Up 307%

DeThings, December 25 - The year 2024 is a milestone year for the cryptocurrency market, marked by significant events including the launch of the spot Bitcoin ETF, the Bitcoin halving event in April, and support from Trump, all contributing to volatility in cryptocurrency-related stocks. Overall, the S&P 500 index rose by 25%, and the price of Bitcoin increased by nearly 120%.
Among the best-performing stocks, MicroStrategy (MSTR) led with a 402% increase, bringing its market capitalization to $83 billion. As the largest corporate holder of Bitcoin, MicroStrategy continued to purchase Bitcoin in large quantities in 2024. Core Scientific (CORZ) followed closely with a 307% increase, successfully signing a 12-year contract with AI giant CoreWeave. Terawulf (WULF) and Bitdeer Technologies (BTDR) also performed strongly, rising by 142% and 122%, respectively. Additionally, Coinbase (COIN) increased by 69%, with a market capitalization of $66.50 billion, showing stable performance.
Among the worst-performing stocks, Greenridge Generation (GREE) saw its stock price plummet by 74%, Argo Blockchain (ARBK) dropped by 80%, while Gryphon Digital Mining (GRYP) experienced a staggering 92% decline due to a significant drop in revenue.