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Crypto Stocks MARA, Coinbase, MicroStrategy Gain Big on Donald Trump’s First Day

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Giuseppe Ciccomascolo
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Key Takeaways
  • Crypto stocks surged on Donald Trump’s inauguration day.
  • MARA led the rally, jumping 8.8% to an intraday high of $20.98.
  • Coinbase and MicroStrategy also posted notable gains fueled by investor optimism.

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 Leads the Charge

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 stock price performance
MARA extended its recent positive momentum on Trump’s inauguration day. | Credit: Yahoo! Finance

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 and MicroStrategy Join the Rally

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.

What’s Ahead

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.

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Giuseppe Ciccomascolo

Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors. Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.
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