Crypto-equities have rebounded following Donald Trump’s crypto strategic reserve announcement. With just hours until the U.S. market opens, bitcoin (BTC) remains above $92,000, recovering from its recent drop to $78,000.
As a result, crypto-related stocks have jumped after significant declines—Strategy (MSTR) rebounded 12% after dropping as much as 50% from its November high. Coinbase (COIN) and MARA (MARA) gained 10%, and IREN (IREN) rose 11%.
Story continues
Sign me up
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
Glassnode data shows that bitcoin also went above the Short-Term Holder Realized Price (STH RP) which is priced at $92,107, a key metric tracking the average on-chain cost for investors over the past 155 days. Historically, holding above this level signals a bullish continuation, though temporary dips occur, like in October 2023 and 2024, before further upside.
BTC: Long/Short Term On Chain Cost Basis (Glassnode)
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.