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Strategy, MARA Holdings, and Galaxy Digital are among crypto-related stocks experiencing double-digit percentage increases early Friday.
Bitcoin rises to $68,000 (Shutterstock)
What to know:
- Bitcoin continued its overnight recovery in U.S. morning trading on Friday, surpassing $68,000 after reaching $60,000 late Thursday.
- Strategy (MSTR), MARA Holdings (MARA), and Galaxy Digital (GLXY) are part of a collection of crypto-related stocks with double-digit percentage increases.
- Michael Saylor’s determination to tackle the Quantum Computing threat has led some to suggest that bitcoin may have reached its lowest point.
Crypto markets are building on overnight gains in U.S. morning trading on Friday, with bitcoin rising above $68,000, reflecting an approximate 13% increase since hitting $60,000 late yesterday.
Despite the rebound, bitcoin is still down 2% over the last 24 hours. Ether has decreased by 3%, while Solana has dropped by 5%. In contrast, XRP has increased to $1.47, now up 8% over the past day.
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Crypto-related stocks are experiencing significant positive shifts on Friday after a decline in the previous session.
Strategy (MSTR) — which announced a $14.2 billion loss for the fourth quarter late Thursday — is up 14%, although at $122, it remains down 22% year-to-date. Galaxy Digital (GLXY) has risen 15%, while bitcoin miner MARA Holdings (MARA) has increased by 12%.
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Underperforming on Friday is the bitcoin miner-turned AI infrastructure provider IREN (IREN), which is down 1.8% following disappointing earnings results released Thursday night.
Saylor emphasizes Quantum
Those seeking signs of a market bottom are referencing last night’s Strategy earnings call, during which Michael Saylor affirmed his commitment to spearheading a Bitcoin security program to tackle the quantum threat.
Some within the crypto sector have contended that bitcoin’s security framework is under serious threat from quantum computing — a risk perceived as so urgent that numerous investors are either divesting or refraining from investing in bitcoin entirely.
“Saylor’s announcement indicates that prices have finally prompted the Bitcoin community to recognize and confront quantum risk,” stated Quinn Thompson.
Prepared for a technical rebound
Paul Howard, director at crypto trading firm Wincent, observed that bitcoin has returned to price levels not seen in 14 months — a technical configuration that typically encourages at least a short-term rebound.
“It would be unusual if we did not witness some degree of short-term reversion here,” he noted, particularly with the RSI indicating oversold conditions.
He added that trading volumes in BTC and ETH have surged to their highest levels in over two years — more than double the levels seen in 2024–25.
