Even if the long-awaited jump to new highs for Bitcoin is still a while away, the performance of the digital reserve currency is impressive: in the last 30 days alone, the price has risen by almost 55 percent. This has also given a strong boost to the ongoing AKTIONÄR recommendations from the crypto sector.
It was close, but shortly before the jump over the previous record high from November 2021, Bitcoin lost its strength on Tuesday night. According to data from the industry portal coinmarketcap.com, it is currently trading two percent higher over a 24-hour period at around $66,400. This means that it is now around $2,400 or a good 3.5 percent short of the all-time high – after it had already approached a few dollars at times.
On the way there, Bitcoin has recently gained further momentum and at times gained more than 20 percent in value in the previous week alone. There has already been an increase of almost 58 percent since the beginning of the year – after the price had already shot up by around 160 percent in the previous year.
Bitcoin
(ISIN: CRYPT0000BTC)
This recovery rally has also boosted the stocks of many companies related to the crypto market. In some cases they even performed significantly better than Bitcoin itself.
The shares of MicroStrategy, for example, gained around 24 percent in value yesterday, Monday, extending the price increase since the beginning of the year to 111 percent. Since the initial recommendation in AKTIONÄR issue 13/23 less than a year ago, the increase has already amounted to 335 percent. And that is despite the fact that the share price will come back around five percent from its 24-year high marked the day before on Tuesday.
However, invested investors are still sticking with it and are increasing the stop to 760 euros.
MicroStrategy
(WKN: 722713)
Coinbase shares ended Wall Street trading around eleven percent higher on Monday and had previously marked their highest level in around two years at $236.48. On Tuesday the bulls will take things a little easier here again. Investors who followed the AKTIONÄR tip in issue 44/23 can already look forward to an increase of around 163 percent in less than five months.
Bitcoin miners are weakening
The shares of Bitcoin miners CleanSpark, Marathon Digital, Riot Platforms and Co did not benefit from Bitcoin’s record hunt on Monday. Instead, the upcoming halving in April curbed the euphoria here. Simply put, the reward that miners receive for their work on the Bitcoin blockchain in the form of newly mined coins is halved from the current 6.25 to 3.125 Bitcoin per block.
However, the current AKTIONÄR recommendations CleanSpark and Riot Platforms mine particularly efficiently, which is why the halving should not cause them too many problems. In addition, their shares have already performed excellently in recent months.
Despite the current setback, CleanSpark has already doubled in less than seven weeks since the recommendation in issue 04/24. However, the price is currently approaching the stop that was recently raised to 14.00 euros. If this is torn, investors take profits.
CleanSpark Inc
(WKN: A2PWWQ)
At Riot Platforms, the price increase has been around ten percent since mid-January. At Marathon Digital, DER AKTIONÄR had already realized a profit of around 50 percent during the correction in January. She has been on the watch list ever since.
Riot Platforms
(WKN: A2H51D)
The record high for Bitcoin remains within reach. According to the SHAREHOLDER’s assessment, an outbreak is only a matter of time and is likely to give new impetus to the shares of Coinbase and MicroStrategy in particular. Invested investors let the profits run here and tighten the stops if necessary.
Meanwhile, crypto miners CleanSpark and Riot Platforms are becoming increasingly nervous as the halving approaches. Investors can think about taking (partial) profits here after the sometimes significant price gains of the last few months. Basically, a further rising Bitcoin price also plays into their hands.
Note on conflicts of interest
The chairman of the board and majority owner of the publisher Börsenmedien AG, Mr. Bernd Förtsch, has taken direct and indirect positions on the following financial instruments or related derivatives mentioned in the publication, which can benefit from any price development resulting from the publication: Bitcoin.
The editor-in-chief of this publication, Mr. Leon Müller, has taken direct and indirect positions on the following financial instruments or related derivatives mentioned in the publication, which can benefit from any price development resulting from the publication: Bitcoin.
The author holds direct positions on the following financial instruments or related derivatives mentioned in the publication, which can benefit from any price development resulting from the publication: Bitcoin.