The post 2024 Is The Year Of Cryptocurrency Companies! Here Are The Best And Worst Performing Crypto Stocks Of 2024! appeared on BitcoinEthereumNews.com.

The year 2024 has been a turning point for the cryptocurrency market, characterized by major milestones such as the launch of spot Bitcoin ETFs, the Bitcoin halving in April, and the unexpected support of President-elect Donald Trump. Best and Worst Performing Crypto Stocks of 2024: MicroStrategy and Core Scientific Lead the Gains These developments have fueled optimism and volatility in crypto markets and have significantly impacted crypto-related stocks. While some companies have thrived by leveraging market momentum and strategic moves, others have faced operational challenges and falling stock prices. Here’s a detailed look at the best and worst performing crypto stocks of 2024. Top Performers MicroStrategy (MSTR) Earnings: +402% Market Value: $83 billion MicroStrategy has continued its aggressive Bitcoin buying strategy, becoming the largest institutional holder of the cryptocurrency. As of year-end, the company held approximately 440,000 Bitcoins worth over $40 billion. Core Scientific (CORZ) Earnings: +307% Market Value: $3.9 billion Bitcoin mining firm signs 12-year contract with AI hyperscaler CoreWeave, ensuring post-injury resilience and positioning itself as a leader in the industry Terawulf (WULF) Earnings: +142% Market Value: $2.15 billion Terawulf reported strengthening its infrastructure-focused operations with a 100% year-over-year increase in its self-mining hashrate capacity of 10.0 EH/s. Hut 8 (HUT) Earnings: +75% Market Value: $2.06 billion Hut 8 has received positive ratings from analysts, who cite its significant power capacity and mining infrastructure as competitive advantages. Bitdeer Technologies (BTDR) Earnings: +122% Market Value: $2.75 billion Bitdeer has stepped up its own Bitcoin mining operations by developing its vertical integration strategy. Coinbase (COIN) Earnings: +69% Market Value: $66.5 billion Coinbase launched a $1 billion stock buyback program and reported strong trading volumes, solidifying its position as a leading crypto exchange. Worst Performers Argo Blockchain (ARBK) Loss: -80% Market Value: $44 million The London-based miner has struggled with operational…

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Filed under: News - @ December 25, 2024 12:23 pm