Crypto-Linked Stocks Are Falling Today: What's Going On?

Shares of crypto-linked stocks are trading lower Monday, reflecting the broader pullback in Bitcoin.

Despite the pullback, Galaxy Research remains optimistic about Bitcoin’s long-term potential. The firm forecasts Bitcoin to surpass $150,000 in the first half of 2025, with a possible peak of $185,000 by the end of the year.

Galaxy cited institutional, corporate and nation-state adoption as potential drivers.

Galaxy anticipates that several Nasdaq 100 companies and at least five countries will add Bitcoin to their balance sheets, further cementing its position as a mainstream asset. Additionally, U.S. Bitcoin spot ETFs are projected to exceed $250 billion in assets under management, rivaling the size of physical gold ETFs. These factors, combined with increasing regulatory clarity, are expected to drive demand for Bitcoin as a strategic investment.

Price Action: Coinbase Global shares were down 3.15% at $257.20, MicroStrategy shares were down 4.31% at $315.68, Mara Holdings shares were down 3.77% at $22.73 and Riot shares were down 3.41% at $10.62 at the time of writing, according to Benzinga Pro.

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