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Crypto Stocks Advance Pre-Market as Bitcoin Tops $51K, Market Cap Hits 26-Month High

Total crypto market cap climbed to $2 trillion for the first time since April 2022.

Updated Mar 8, 2024, 9:32 p.m. Published Feb 14, 2024, 11:26 a.m.
A user tracks charts on an tablet with a keyboard and larger monitor in the background.
(Wance Paleri/Unsplash)

U.S.-listed crypto companies rose Wednesday as bitcoin {{BTC}} climbed past $51,000 for the first time since December 2021, taking its market cap to $1 trillion.

Bitcoin, the largest cryptocurrency by market value, added about 2.9% in the last 24 hours, while the CoinDesk 20 Index, a measure of the largest digital assets, rose around 2.1%. Ether {{ETH}}, the second-largest cryptocurrency, gained 3.2% to $2,754, the highest since May 2022, while the total crypto market cap touched $2 trillion for the first time since April that year.

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Cryptocurrency exchange Coinbase (COIN) rose more than 7%, and software company MicroStrategy (MSTR), which holds around 190,000 BTC on its balance sheet, gained about 6.5%. BlackRock’s bitcoin exchange-traded fund (IBIT), which has the highest inflows among the new spot BTC ETFs, added around 3%.

Robinhood (HOOD), a trading platform that supports cryptocurrencies, climbed 12% after reporting higher-than-forecast fourth-quarter revenue and saying crypto revenue rose 10% from a year earlier to $43 million.

Iris Energy (IREN) led gains among miners, surging 14%. Marathon Digital (MARA) added 11% and Riot Platforms (RIOT) 8%.

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Protocol Research: GoPlus Security

GP Basic Image

Ano ang dapat malaman:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

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Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets

Yasin Oral, Founder and CEO of Paribu (center) and Dina Sam’an (left) and Talal Tabbaa (right), Co-Founders of CoinMENA (Paribu, modified by CoinDesk)

With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.

Ano ang dapat malaman:

  • Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
  • Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
  • The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.