Cryptocurrency Stocks Rise as Bitcoin Hits $80,475 Post-Halving on Oct. 10

Cryptocurrency stocks advanced as Bitcoin reached $80,475 USD, up 0.4% on October 10, 2024, per CoinGecko. The Crypto Fear & Greed Index stood at neutral 50, per Alternative.me. Ethereum fell 0.6% to $2,365.72 USD.

Coinbase Global (COIN) shares rose 1.8% to $178.50 USD in the U.S. session, per MarketBeat. Marathon Digital Holdings (MARA) gained 2.3% to $19.20 USD. These gains followed Bitcoin's April 2024 halving.

XRP traded at $1.40 USD, down 0.7%. BNB held at $624.96 USD. USDT stayed at $1.00 USD. Spot Bitcoin ETFs, approved by the U.S. SEC in January 2024, held over 1 million BTC, per Glassnode.

April 2024 Bitcoin Halving Drives Miner Stock Gains

Bitcoin's halving on April 19, 2024, cut block rewards from 6.25 BTC to 3.125 BTC, per CoinGecko. Riot Platforms raised hash rate to 12.4 EH/s in Q3 2024, per company filings. Marathon Digital held 20,000 BTC worth $1.6 billion USD at current prices.

James Butterfill, CoinShares head of research, said in a September 30, 2024, report: "Post-halving periods historically correlate with 150% average BTC price gains within 12 months." Coinbase posted Q3 trading volume of $145 billion USD, up 10% quarter-over-quarter.

Coinbase and Marathon Digital Track Bitcoin Price

Coinbase shares rose on higher transaction fees from volume growth. Marathon Digital added 950 BTC to reserves in September 2024, per filings.

MicroStrategy Inc. (MSTR) gained 3.2% to $1,950 USD, holding 252,220 BTC worth $20.3 billion USD. Geoffrey Kendrick, Standard Chartered head of digital assets, told Bloomberg on October 8, 2024: "Bitcoin above $80,000 USD supports equity proxies through direct holdings."

• Cryptocurrency: BTC · Price (USD): 80,475.00 · 24h Change: +0.4% · Source: CoinGecko, Oct. 10
• Cryptocurrency: ETH · Price (USD): 2,365.72 · 24h Change: -0.6% · Source: CoinGecko, Oct. 10
• Cryptocurrency: USDT · Price (USD): 1.00 · 24h Change: 0.0% · Source: CoinGecko, Oct. 10
• Cryptocurrency: XRP · Price (USD): 1.40 · 24h Change: -0.7% · Source: CoinGecko, Oct. 10
• Cryptocurrency: BNB · Price (USD): 624.96 · 24h Change: 0.0% · Source: CoinGecko, Oct. 10

Fear & Greed Index at 50 Signals Neutral Sentiment

Alternative.me's index at 50 showed balanced sentiment after Bitcoin's rise from $42,000 USD in January 2024. Volatility measured 45%, per index components.

Federal Reserve officials signaled possible November 2024 rate cuts, per September FOMC minutes. Lower rates support risk assets like cryptocurrency stocks.

MarketBeat Tracks Key Cryptocurrency Stocks

MarketBeat lists top performers: Coinbase, Riot Platforms (RIOT), Marathon Digital. Riot shares rose 2.7% to $10.85 USD on October 10.

Ethereum spot ETFs, approved July 23, 2024, held $3.5 billion USD in assets, per Bloomberg ETF filings. Active Bitcoin addresses rose 5% week-over-week, per Glassnode.

U.S. SEC and EU MiCA Shape Crypto Equity Outlook

U.S. SEC approved 11 spot Bitcoin ETFs in January 2024, drawing $18 billion USD inflows by October, per ETF.com. Coinbase Chief Legal Officer Paul Grewal said on October 5, 2024: "Clear rules enable institutional adoption."

Europe's MiCA regulation, effective June 2024, licensed 12 crypto-asset service providers. Binance gained MiCA approval for EUR services.

Post-Halving Catalysts for Cryptocurrency Stocks

Bitcoin traded near $80,000 USD, per TradingView charts on October 10, 2024. MarketBeat updates rankings daily. Federal Reserve rate decisions and ETF flows drive volumes.