MicroStrategy's stock has seen a significant decline of almost 50% since November, despite having a 600% gain since the start of the year. However, the company still remains 342% ahead in 2021 compared to other crypto-related assets in traditional finance. Bitcoin itself had a strong year, rising 100%, outperforming competitors like ether and Solana. Bitcoin mining companies, however, only saw modest gains. The broader equities market, such as the Nasdaq 100 and S&P 500, also saw positive returns. Concerns about US inflation and the country's budget deficit led to a rise in US treasury yields. The dollar showed strength, while the price of West Texas Intermediate oil remained relatively stable. Looking ahead, attention will be on the debt ceiling discussion, policies of President-elect Donald Trump, and the continued growth of the US economy.



Other News from Today