Crypto News

Crypto Stocks Spike as Markets Rally

Crypto stocks have gained momentum to recover losses from previous days as the digital asset market flips green.

Published by

Updated 21 Jun, 2025 | 11:06:22 AM UTC

The digital asset market has recorded slight gains in its weekly recovery efforts prompting an inflow to crypto stocks in the last 24 hours. This week, the stock market as well as cryptocurrencies lost ground gained in past months due to macroeconomic factors and industry movements.

Crypto stocks are shares of companies linked to Bitcoin (BTC) altcoins or blockchain such that their performance is influenced by the market. Crypto stocks have recorded growth in the last 24 hours as digital assets seek to turn the tide and wipe out losses.

Crypto Stocks Move North

MicroStrategy (MSTR) is up 5.56% today to trade at $1,695. The asset is often linked with the performance of Bitcoin because of the bullish nature of its chairman Michael Saylor. Saylor continues to make bullish projections on the price of BTC following the approval of spot Bitcoin ETFs. The approvals by the United States Securities and Exchange Commission (SEC) led to massive inflows sparking a new turn in assets. MicroStrategy currently holds 214,246 BTC.

Coinbase (COIN) the largest cryptocurrency exchange by volume in the United States is up 2.05% in the last 24 hours. The asset rebound comes after trading in the red zone caused by reduced investor sentiments. Loses recorded this week have pulled monthly gains to 12%. The flow of COIN shows how crypto stocks move with digital asset prices. Limited on-chain transactions and steady outflows will lead to a reduced value of crypto stocks.

Nvidia has recorded a slight 0.86% increase to trade at $895.70. This week, the asset also recorded minimal outflows along the digital asset market. AI memecoins themed around Nvidia also plunged with the downtrend.

Bitcoin Miner Stocks Gains Uptick

As the tide of crypto stocks changed, a rise was also seen in mining stocks. Over the years, mining stocks also performed alongside the price of Bitcoin. Hut 8 notched a 7.9% increase in the last 24 hours and maintains its position in the green zone.

Mining stocks are up as the Bitcoin halving approaches. The halving event is seen as a bullish phase based on previous years. Months leading up to this phase have seen miners move assets to exchanges following a sharp rise in the asset’s price. Bitcoin trades at $67,863, a good position after the 2022 bear market.

David Pokima

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

Published by

David Pokima

Updated: 21 Jun, 2025 | 11:06:22 AM GMT

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.