Odaily Planet Daily News JPMorgan analysts wrote in a report on Tuesday that the overall market value of listed cryptocurrency companies tracked by JPMorgan (including Coinbase Exchange and Bitcoin mining companies such as Marathon and Riot) increased by 14% in January to $108 billion, while the cryptocurrency market itself was worth about $3.2 trillion at the end of January, an increase of 8%.
Analysts pointed out that as the crypto-friendly regulatory environment under Trump's administration began to take shape, the market value of listed cryptocurrency companies grew almost twice as fast as the overall cryptocurrency market.
In addition, the SEC's willingness to cooperate with cryptocurrency companies may benefit Coinbase, which the SEC filed a lawsuit against Coinbase in 2023 for alleged violations of registration requirements. But JPMorgan analyst Charles Pearce said that the performance of listed cryptocurrency companies may be largely driven by the hype around artificial intelligence. "Part of the narrative of Bitcoin mining companies lies in their ability to transition to HPC data centers. Some stocks have benefited from this progress, which has nothing to do with the overall trend of the cryptocurrency market." (Decrypt)