Cryptographic companies listed on the stock market dominated in January, exceeding the cryptography market itself in terms of market capitalization growth.
Among the cryptographic companies listed on the stock market followed by JP Morgan – which includes Coinbase and Bitcoin Minors like Marathon and Riot – Group’s overall market capitalization increased by 14% in January, pushing the total evaluation of Wall Street companies to $ 108 billion.
The cryptography market itself ended in January with a market capitalization of approximately 3.2 billions of dollars, marking an expansion of 8% while President Donald Trump took the White House after having Positioned as the first president of American cryptography, JP Morgan Analysts wrote in a Tuesday report.
However, the market capitalization of listed cryptography companies has increased to double that of the global cryptography market while the regulatory environment under Trump began to take shape, analysts noted.
The former president of the dry, Gary Gensler, resignedA controversial cryptographic accounting rule for banks was quickly canceledand the president of the acting sec Mark Uyeda revealed a new Crypto working group—Placing the SEC Commissioner, Hester Peirce, defender of the industry, at the bar of the scanning initiative.
The price of Bitcoin increased 9% to $ 102,300 At the end of January, but the Coinbase market capitalization increased by 17%, even if the trading volumes of the Stock Exchange decreased by 17% compared to the previous month.
The will of the dry to work with cryptographic companies can benefit in Coinbase, that the dry heard On alleged violations of registration requirements in 2023. But the performance of cryptographic companies listed on the stock market may have been largely reinforced by speculation surrounding artificial intelligence, according to JP Morgan, Charles Pearce.
Riot’s market capitalization increased by 20% in January, exceeding other companies, as a minor begin The evaluation of the way in which the additional energy capacity in its installation of Texas could be used in AI and the high performance computer settings (HPC).
“Part of the history of bitcoin minors has become their ability to move to HPC data centers,” said Pearce Decipher. “Some actions have taken an offer from this thesis, which will be separated from the way in which the cryptography market in aggregate movements.”
Minors like Bitdeer began Exploration of AI after the so-called Bitcoin halve Last year, a four -year event which rewarded the awards gains the validation of transactions. To be specific, the Bitcoin block reward fell to 3.125 bitcoin of 6.25 bitcoin, although increased rarity has contributed to considerably increase the price of each room in the months that followed.
Bernstein asset manager supported Then, the mining companies could derive up to a third of their future business value of the vertical AI, while waiting for minors to pivot about a fifth of their energy capacity towards AI by 2027.
While Riot has unveiled his potential IA push, Riot executive president Benjamin Yi said in a press release That this decision could provide sustainable riot income for the years to come.
He said: “Although we continue to believe the significant increase in our Bitcoin extraction operations, we have recognized for some time the value of having predictable long -term cash flows from a counterpart AI / HPC well capitalized. “
Edited by Andrew Hayward
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