Crypto-equities have rebounded following Donald Trump’s crypto strategic reserve announcement. With just hours until the U.S. market opens, bitcoin (BTC) remains above $92,000, recovering from its recent drop to $78,000.

As a result, crypto-related stocks have jumped after significant declines—Strategy (MSTR) rebounded 12% after dropping as much as 50% from its November high. Coinbase (COIN) and MARA (MARA) gained 10%, and IREN (IREN) rose 11%.

Glassnode veri shows that bitcoin also went above the Short-Term Holder Realized Price (STH RP) which is priced at $92,107, a key metric tracking the average on-chain cost for investors over the past 155 days. Historically, holding above this level signals a bullish continuation, though temporary dips occur, like in October 2023 and 2024, before further upside.

BTC: Long/Short Term On Chain Cost Basis (Glassnode)

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