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Crypto stocks performance January 23, 2026 — miners lead gains

3 min read
Dmitry Kozlov
Crypto stocks performance January 23, 2026 — miners lead gains

Key Takeaways

  • 1 U.S. markets closed mixed on January 23, 2026, with Nasdaq and the S&P modestly higher and the Dow lower.
  • 2 Crypto-linked stocks diverged: exchanges and new listings fell while miners mostly gained.
  • 3 IREN Limited, Applied Digital and TeraWulf were among the strongest mining performers.
  • 4 Bitgo (BTGO) dropped sharply on its NYSE debut, and Coinbase declined on the session.

U.S. markets closed mixed on January 23, 2026: Nasdaq and S&P rose slightly, the Dow slid, and bitcoin miners outperformed while several crypto-linked stocks fell.

U.S. markets closed mixed on January 23, 2026, with major indexes moving in different directions and crypto-related stocks showing varied results. The session highlighted a clear split: technology-heavy benchmarks held modest gains while industrial and broad-market measures slipped, and that difference carried into many crypto-linked equities.

Mixed Performance in U.S. Stock Indexes

The Nasdaq Composite finished at 23,501.24, adding 65.22 points, while the S&P 500 edged up 2.26 points to 6,915.61. In contrast, the Dow Jones Industrial Average slid 285.30 points to 49,098.71, and the NYSE Composite dipped 40 points to 22,757.16, creating a split market picture where strength in some sectors sat alongside notable weakness in others.

Crypto-Linked Stocks Show Varied Results

Performance among crypto-associated companies diverged by business model. Coinbase (COIN) dropped 2.77%, reflecting caution around trading platforms, while MicroStrategy (MSTR) rose 1.32%, behaving more like a leveraged bitcoin proxy than a typical software stock.

New and niche listings had mixed starts: Bitgo’s NYSE debut (BTGO) fell 21.58% on opening day, Circle (CRCL) slipped a marginal 0.03%, Bullish (BLSH) declined 2%, and Bitmine Immersion Technologies (BMNR) eased 0.35%—moves that read as hesitation rather than broad panic across the group.

Bitcoin Mining Stocks Outperform

Bitcoin miners generally posted stronger gains than other crypto-linked names. IREN Limited led the group with an 8.05% gain to $56.47, while Applied Digital Corporation rose 7.54% to $37.36 and TeraWulf climbed 7.64% to $13.88; Hut 8 Corp. advanced 5.95% to $58.40, reinforcing the sector’s relative resilience.

Mid- and smaller-cap miners also leaned positive: Core Scientific rose 3.56% to $18.73, CleanSpark gained 3.41% to $13.64, and Bitdeer Technologies Group increased 3.27% to $14.50. Bitfarms added 3% at $2.74, Cipher Mining rose 1.55%, Riot Platforms climbed 1.30%, and MARA Holdings rose 1.65% to $10.46. American Bitcoin Corp. was the notable exception among top names, sliding 2.88% to $1.52. For additional context on recent mining moves, see the miners' Friday leaders.

Market Trends and Investor Sentiment

The session underscored growing selectivity among investors: companies tied directly to bitcoin production attracted buying, while exchanges and fresh listings faced skepticism. That pattern—miners trading on operational metrics and balance-sheet positioning rather than broad market mood—helped explain why miners outperformed other crypto-linked stocks on the day.

These dynamics appeared alongside broader index divergence, showing that crypto stocks are no longer moving as a single bloc but responding to business-model differences and specific company fundamentals. For related moves in digital-asset prices, consult the note on bitcoin and ether prices.

Почему это важно

Если вы майните в России и управляете от одного до тысячи устройств, этот расклад значит следующее: операторские майнеры получили больше внимания и капитала, чем биржи и недавно вышедшие компании. Это не обязательно изменит ваш ежедневный доход, но говорит о том, что инвесторы сейчас предпочитают бизнес-модели, ориентированные на добычу и операционную эффективность.

Что делать?

Для практического управления майнингом ориентируйтесь на операционные показатели и расходы: проверяйте рентабельность по текущим тарифам на электроэнергию и выручку от монет, оценивайте запас комплектующих и план техобслуживания. Не принимайте решения только по динамике акций: поведение публичных компаний может отражать настроения инвесторов, а не изменения в вашей реальной прибыли.

Frequently Asked Questions

Why did U.S. markets close mixed on January 23, 2026?

Investors balanced gains in tech-heavy indexes against losses in industrial and broad-market measures, producing a split performance across major indexes.

Which crypto-linked stocks underperformed on that day?

Coinbase fell 2.77%, Bitgo (BTGO) declined 21.58% on its NYSE debut, and other exchange or new-listing names posted modest drops such as Bullish, Circle, and Bitmine Immersion.

Which mining stocks led gains on January 23, 2026?

IREN Limited, Applied Digital Corporation, and TeraWulf were among the strongest performers, with additional gains across several other miners.

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