Crypto-linked stocks experienced a strong start in 2025 driven by Bitcoin's rise above $100,000 and speculative interest, with companies like BitMine Immersion and SBET reaching explosive gains. However, mid-year shifts toward sustainability and fundamentals caused significant volatility and valuation corrections, especially in narrative-driven stocks. Looking ahead, 2026 is expected to reward companies with strong execution, capital discipline, and regulatory clarity rather than mere crypto exposure.

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