Crowment companies escape from the stock market disorder in April

While April was a harsh month for the stock market, the cryptocurrency companies may enjoy smooth sailing.

As Bloomberg news I mentioned Wednesday (April 30), companies like Coinbase And the process of coding mining Cleanspark It increased sharply this month, as it has two numbers even with a decrease in the S&P 500 index by 2.5 %.

According to the report, this momentum comes as Bitcoin has witnessed 13 %, as it reinforced a discussion about his position as an investor security haven.

“He was the main driver clearly Immediate price for “companies that offer Bitcoin, Keef Bruyette & Woods Bill Babanastio Bloomberg said. “and a lot Among these miners, during this complete tariff disaster, were severely beaten, and now they are wearing. “

The report argued that the height carries some warnings. For example, many encryption shares decrease this year, after the harsh first quarter when Bitcoin prices decreasedTake those companies with them. Expatriate miners Especially difficult Hit as the mining mining increases with less profitable and threatens definitions by intensifying the costs of devices.

Among the major companies, Galaxy Digital Holdings The market leaderThe report saidWith the rise of the shares by 40 %, it was raised with the permission of the Nasdaq Stock Exchange and an increase in computers from artificial intelligence from Coruv.

“I am very interesting Galaxy, given this, I would like to say, many of the companies you follow,” Cantor Fitzgerald analyst Brett Knoplash He said. “It is clear that the encryption market works well, their encrypted business works well.”

News follow reports from Earlier this week for a “Megadeals” wave of encryption election President Donald Trump. To date this year, the encryption companies have reached 88 deals A total 8.2 billion dollarsThe Wall Street Journal reported, citing data from the consulting company Partners Architectural Engineer. This is approximately three times the value of the transaction from 188 transactions in the encryption sector in the whole year.

The President named the two friendly organizers for encryption and He has I talked about making the United States a “undisputed Bitcoin power”, while Congress led by the Republic He is At work On legislation to develop an organizational framework for digital assets.

Among the main appointed Securities and Stock Exchange Committee (Second) The Chairman of the Board Paul Atkins, who was criticized last week Biden administration’s organizational policy And promised to Dealing with “Long festivals issues” surrounding digital assets and Blockchain technology.

“Innovation has been strangled The last several years Atkins recently said at a round table, the third table encryption in SEC: