Crypto Stocks Surge Ahead of Trump’s Inauguration

WASHINGTON, D.C. — Crypto stocks rallied Friday as President-elect Donald Trump prepared to take office, signaling a crypto-friendly administration that has already sparked investor optimism.

Trump, who won the 2016 and 2020 presidential elections, is set to be inaugurated tonight. His administration has shown a strong interest in digital assets, with Trump and his wife, Melania, launching two crypto tokens, TRUMP and MELANIA, which have gained traction among investors. Trump has also proposed creating a Bitcoin reserve, similar to the U.S. gold reserve, using Bitcoin seized by authorities.

This positive sentiment has driven significant gains in crypto-related stocks. Marathon Digital (MARA) closed 8.8% higher on Friday, while Microstrategy (MSTR) rose 8.04%. Coinbase Global (COIN) also saw a 4.92% increase by the end of trading hours.

Analysts predict the crypto stock sector will experience a rally during Trump’s presidency, particularly in the initial weeks. According to TipRanks, Marathon Digital has the highest upside potential at 39.63%, followed by Microstrategy at 33.56%. However, Coinbase Global may face a slight downside risk of 0.56%.

Trump’s crypto-friendly policies and initiatives have already made waves in the market, but the long-term impact remains uncertain. Traders are advised to monitor the sector closely as it adjusts to the new administration.