Crypto Stocks Split as Miners Rally While Exchanges Slump, Oil Prices Fall

Crypto-linked equities saw significant variations on Friday, with Bitcoin miners largely trading higher while several major exchange and digital-asset names slipped. Among the larger companies, Robinhood rose 1.43% to $112.74, while MercadoLibre added 0.66% to $1,696.24. Strategy dipped 0.29% to $160.03, and Coinbase fell 3.32% to $183.00.

Bitcoin miners, however, saw significant gains, with IREN climbing 2.79% to $41.78, Hut 8 gaining 3.79% to $89.63, and TeraWulf advancing 3.96% to $15.50. Other mining stocks also rose, including Riot Platforms, Cipher Digital, Core Scientific, MARA Holdings, Bitdeer, CleanSpark, HIVE Digital, Bit Digital, and Canaan.

Oil prices, meanwhile, were lower on Friday, with December Brent futures down 1.1% at $101.12 a barrel, while December WTI contracts lost 1.6% to $89.41. CME Group has walked away from its idea of offering oil futures around the clock after resistance from firms that actually trade the market.