Updated Mar 3, 2025 14:51 UTC Published Mar 3, 2025 11:34 UTC
Crypto stocks have rebounded after Donald Trump announced a cryptocurrency strategic reserve. Just hours before the U.S. market opens, Bitcoin (BTC) remains above $92,000, recovering from a recent drop to $78,000.
As a result, crypto-related stocks have rebounded sharply after significant declines, with Strategy (MSTR) up 12% after falling 50% from its November high. Coinbase (COIN) and MARA (MARA) are up 10%, while IREN (IREN) is up 11%.
Data from Glassnode shows that Bitcoin has also surpassed the Short-Term Realized Holder Price (STH RP) of $92,107, a key indicator tracking the average on-chain price for investors over the past 155 days. Historically, holding above this level signals a long-term bullish trend, although short-term dips like those seen in October 2023 and 2024 before further gains occur regularly.
Disclaimer : Some parts of this article were generated by AI tools and reviewed by our editorial team to ensure accuracy and adhere to our standards. For more information, see CoinDesk’s full AI policy.
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