Traders looking for solid returns might want to keep an eye on US-listed Bitcoin mining stocks. Interestingly, some companies in this sector have managed to grow quickly by reducing their dependence on the unpredictable cryptocurrency price swings.
For instance, Terrawolf (WULF) shares have soared by 31% this month, despite Bitcoin’s price dropping nearly 17%. Similarly, Cipher Digital (CIFR) and HUT 8 (HUT) saw increases of 8% and 6%, respectively, while Core Scientific (CORZ) held its ground fairly well.
Markus Thielen, founder of 10x Research, pointed out that these stocks are popular among hedge funds that are shorting them and could rise if economic conditions turn favorable. He noted, “With long-term energy contracts locked in at appealing rates, these companies hold a strategic advantage that extends beyond just Bitcoin mining.”
Thielen also remarked that as investment flows increasingly favor the frontrunners, traditional miners may find themselves lagging behind.
Recently, Bitcoin has bounced back above the $65,000 mark, probably reflecting gains in futures associated with the Nasdaq 100 index. This increase occurred even though President Trump didn’t address cryptocurrencies in his recent State of the Union address.
According to data from SoSoValue, the Spot Bitcoin ETF saw net inflows of $257.7 million on Tuesday, marking the highest influx since early February. Analysts suggest that consistent capital flow over the next few days will be crucial for a market recovery.
Vikram Subraj, CEO of Geotas.com from Mumbai, commented on Bitcoin’s trading pattern, indicating that it’s at a pivotal point. He stated, “If it slips below $60,000, that might signify a downturn, with $57,500 as the next critical level. On the other hand, moving back to the $72,000-$75,000 range would signal a revival of risk appetite.”
In broader markets, the dollar index reversed its earlier decline, impacting dollar-priced assets like gold and Bitcoin. Although oil prices fell due to surging US stockpiles, concerns about potential military tensions between the U.S. and Iran kept the decline in check.
what to see
To catch up on this week’s upcoming events, check out CoinDesk’s “Crypto Week Ahead.”
- cryptography
- February 25th, 1pm: SwissBorg will host what it describes as “the largest keynote speech in history.”
- February 25th: Sandbox Season 7 kicks off.
- macro
- February 25th, 4:30pm: US Federal Reserve Balance Sheet for the week ending February 25th (previously $6.61 trillion)
- revenue (estimated based on FactSet data)
- February 25: Circle (CRCL), pre-market, $0.16.
- February 25: Core Scientific (CORZ), post-market, -$0.18.
- February 25: MARA Holdings (MARA), -$0.11 after market.
- February 25: Hut 8 (HUT), pre-market, -$0.13.
- February 25: NVIDIA (NVDA), post-market, $1.50
token event
For details on this week’s activities, see CoinDesk’s “Crypto Week Ahead.”
- Governance votes and calls
- February 25: EigenCloud hosts a livestream with Puffer Finance about “the future of prechecks and rollups.”
- Voting to pause DAO operations to hand control back to the project team for realignment with “The Sandbox 3.0” ends February 25th, with around 80% voter support.
- Decentraland DAO is voting to create a customizable “windfall lottery scene” template for landowners, with voting ending February 25th.
- unlock
- February 25: Humanity (H) will release 4.37% of circulating supply valued at $17.71 million.
- Activate token
conference
More complete event listings can be found in CoinDesk’s “Crypto Week Ahead.”
market movements
- BTC has increased 2.37% to $65,564.62 since Tuesday at 4:00 PM ET (24h: +3.55%).
- ETH has gone up 3.31% to $1,915.35 (24h: +4.89%)
- CoinDesk 20 climbed 2.97% to 1,901.09 (24 hours: +4.17%)
- Ether CESR comprehensive staking interest rate expanded by 2bps to 2.83%
- BTC funding rate is -0.0007% (-0.7643% p.a.) on Binance.
bitcoin statistics
- BTC Dominance: 58.52% (+0.13%)
- Ether to Bitcoin ratio: 0.02917 (0.9%)
- Hashrate (7-day moving average): 1,034 EH/s
- Hash Price (Spot): $28.69
- Total fees: 2.7 BTC / $171,903
- CME futures open interest: 114,890 BTC
- BTC Gold Price: 12.6oz
- BTC vs. Gold Market Cap: 4.38%
technical analysis
- The daily price movement of Solana (SOL) reflects a decline that appears step-like, with prices decreasing, consolidating, and moving sideways before a return to selling.
- Recent prices have stabilized between $75 and $91. A dip below this range might indicate a broader downtrend.
crypto assets
- Coinbase Global (COIN): Tuesday close $162.03 (+1.12%), pre-market $165.49, +2.14%
- Circle Internet (CRCL): $61.37 (+0.33%), +16% ending at $71.00
- Galaxy Digital (GLXY): Closed at $21.54 (+5.90%)
- Bullish (BLSH): Closed at $30.76 (+0.42%), -1.63% at $30.26
- MARA Holdings (MARA): $8.05 (+2.16%), +1.61% to finish at $8.18
- Riot Platform (RIOT): Closed at $16.50 (+5.43%), +1.94% at $16.82
- Core Scientific (CORZ): $17.87 (+5.80%), +0.78% to conclude at $18.01
- CleanSpark (CLSK): Finished at $10.35 (+5.40%), +1.93% at $10.55
- CoinShares Valkyrie Bitcoin Miners ETF (WGMI): Ended at $42.71 (+7.42%)
- Exodus Movement (EXOD): Closed at $9.76 (+2.20%)
crypto asset company
- Strategy (MSTR): Closed at $124.61 (+0.73%), +2.51% at $127.74
- Strive (ASST): $7.16 (-2.65%), +0.35% to end at $7.19
- SharpLink Gaming (SBET): Closed at $6.55 (+0.92%), +2.90% at $6.74
- Upexi (UPXI): Ended at $0.61 (+7.61%)
- Light Strategy (LITS): Finished at $1.11 (+3.74%)
ETF flow
Spot BTC ETF
- Daily net flow: $257.7 million
- Cumulative net flow: $54.05 billion
- Total BTC holdings ~1.26 million
Spot ETH ETF
- Daily net flow: $9.2 million
- Cumulative net flow: $11.51 billion
- Total ETH holdings ~5.64 million
