Donald Trump’s inauguration day gave crypto stocks a serious boost, with MARA (formerly Marathon Digital), MicroStrategy, and Coinbase at the forefront of the rally.
However, early Tuesday trading hints at a possible pullback as investors assess the impact of upcoming policy changes and Bitcoin trends.
MARA stood out with an impressive 8.8% surge on Monday, hitting an intraday peak of $20.98 before closing at $19.91.
Trading volume exploded, with 88.2 million shares exchanging hands—155% higher than the average session volume of 34.6 million.
MARA’s market cap sits at $6.41 billion, with a P/E ratio of 25.20 and a beta of 5.76.
The company’s quick and current ratios both stand at 4.00, and its debt-to-equity ratio is a low 0.22. The stock’s 50-day simple moving average is $21.53, while the 200-day average hovers at $19.10.
Coinbase Global also saw a solid 4.9% uptick to $295.48 on Monday, buoyed by investor confidence.
Over the past four weeks, Coinbase shares have risen by 6%, driven by strong earnings estimate revisions.
The company is projected to achieve a year-over-year growth of 1,411%, with full-year earnings expected to hit $5.59 per share.
MicroStrategy wasn’t left behind, surging 8.0% to $396.50 after Diversify Wealth Management acquired 4,387 shares valued at $1.3 million during Q4.
Meanwhile, other crypto-linked stocks like Riot Platforms and Hut8 saw modest gains of 1.2% each.
Despite Monday’s gains, early Tuesday trading indicates the rally may be losing steam.
MARA dropped 0.8% to $19.76, and MicroStrategy slipped 2.2% to $387.92 after an earlier dip of around 4%.
Coinbase edged down 0.5% to $294.11, while Riot Platforms dipped 0.3%. Hut8 was the exception, posting a slight increase.
Chris Beauchamp, IG’s Chief Market Analyst, cautions investors to monitor Bitcoin’s technical indicators closely.
“The relationship isn’t perfect, but it provides useful context for both investment and trading decisions,” Beauchamp said.
Trump’s crypto policies are expected to have a significant influence on Bitcoin and, by extension, the broader crypto market.
Investors should brace for potential volatility as these policies take shape.