Blab Crypto
Bitcoins Bear Market Deepens While MARA and HIVE Stocks Signal Possible Early Recovery
Bitcoin’s deep slide continues, but two crypto‑linked stocks hint at a possible rebound.
Since hitting a record high of $123,641 on 6 October 2025, Bitcoin has slumped to roughly $62,533—an almost $61,000 drop and nearly 50 % below its October peak. TradingView data show the cryptocurrency is down 29 % year‑to‑date and 38 % over the past year.
The sustained drawdown has taken a toll on crypto‑related equities, especially miners whose revenues are tightly coupled to Bitcoin’s price. Shares of companies that depend on mining activity have felt the squeeze.
Against that backdrop, MARA Holdings Inc. (NASDAQ:MARA) has caught the eye of traders. The stock is hovering near $14.43, and its 50‑day moving average has just crossed above its 200‑day moving average—a technical signal known as a golden cross that traders often see as a shift toward bullish momentum.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is following a similar pattern. Trading around $4.51, HIVE’s short‑term average has overtaken its long‑term counterpart, adding another data point that some investors interpret as a nascent turn in crypto‑related equities.
A golden cross does not guarantee a price surge, but it is frequently viewed as an early indicator that a stock’s trend may be turning upward. The appearance of the pattern in both MARA and HIVE suggests that market participants are becoming more optimistic about the prospects for crypto‑linked stocks, even as Bitcoin remains in a deep drawdown.
What could be driving the optimism? For MARA, the company’s diversification into non‑mining businesses and its emphasis on improving industry economics may be appealing. HIVE’s expansion into high‑performance computing and AI‑focused infrastructure offers exposure to themes that go beyond cryptocurrency mining alone.
Whether these technical signals herald a genuine recovery in the underlying crypto market or simply a temporary shift in investor sentiment remains unclear. History shows that markets sometimes move ahead of fundamentals, as seen in sectors such as homebuilding and semiconductors.
At present, Bitcoin is still roughly 50 % below its October high, and its price trajectory is uncertain. The bullish signals in MARA and HIVE are noteworthy, but they do not confirm a reversal in Bitcoin’s trend.
Investors and analysts will keep a close eye on Bitcoin’s price movements, the performance of crypto‑related stocks, and any developments that could influence the broader digital‑asset ecosystem. The situation remains fluid, and Bitcoin’s price, the performance of crypto‑linked equities, and the broader market environment will be key indicators to watch in the coming months.
Since hitting a record high of $123,641 on 6 October 2025, Bitcoin has slumped to roughly $62,533—an almost $61,000 drop and nearly 50 % below its October peak. TradingView data show the cryptocurrency is down 29 % year‑to‑date and 38 % over the past year.
The sustained drawdown has taken a toll on crypto‑related equities, especially miners whose revenues are tightly coupled to Bitcoin’s price. Shares of companies that depend on mining activity have felt the squeeze.
Against that backdrop, MARA Holdings Inc. (NASDAQ:MARA) has caught the eye of traders. The stock is hovering near $14.43, and its 50‑day moving average has just crossed above its 200‑day moving average—a technical signal known as a golden cross that traders often see as a shift toward bullish momentum.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is following a similar pattern. Trading around $4.51, HIVE’s short‑term average has overtaken its long‑term counterpart, adding another data point that some investors interpret as a nascent turn in crypto‑related equities.
A golden cross does not guarantee a price surge, but it is frequently viewed as an early indicator that a stock’s trend may be turning upward. The appearance of the pattern in both MARA and HIVE suggests that market participants are becoming more optimistic about the prospects for crypto‑linked stocks, even as Bitcoin remains in a deep drawdown.
What could be driving the optimism? For MARA, the company’s diversification into non‑mining businesses and its emphasis on improving industry economics may be appealing. HIVE’s expansion into high‑performance computing and AI‑focused infrastructure offers exposure to themes that go beyond cryptocurrency mining alone.
Whether these technical signals herald a genuine recovery in the underlying crypto market or simply a temporary shift in investor sentiment remains unclear. History shows that markets sometimes move ahead of fundamentals, as seen in sectors such as homebuilding and semiconductors.
At present, Bitcoin is still roughly 50 % below its October high, and its price trajectory is uncertain. The bullish signals in MARA and HIVE are noteworthy, but they do not confirm a reversal in Bitcoin’s trend.
Investors and analysts will keep a close eye on Bitcoin’s price movements, the performance of crypto‑related stocks, and any developments that could influence the broader digital‑asset ecosystem. The situation remains fluid, and Bitcoin’s price, the performance of crypto‑linked equities, and the broader market environment will be key indicators to watch in the coming months.
