Bitcoin is trading near $64,000, down 1.9% over 24 hours, while crypto-linked equities such as Galaxy Digital and BitMine Immersion Technologies have surged into top-tier momentum zones, outperforming the underlying token. The world's largest cryptocurrency remains nearly 49% below its all-time high of $126,198.07, even as specific stocks demonstrate significant relative strength.

Crypto Stocks Outrun Bitcoin

According to Benzinga Edge Stock Rankings, BitMine Immersion Technologies posted a week-on-week jump in its momentum score from 80.29 to 91.08. The stock was down 42.17% year-to-date and 20.99% over the month, but it gained 225.73% over the last year.

Galaxy Digital's momentum score rose from 86.71 to 90.87, despite having a poor growth score. The stock was 47.76% higher year-to-date, 11.58% over the month, and 78.69% over the year. Robinhood Markets, another crypto-adjacent stock tied to retail trading activity, showed strength with a momentum score of 75.60, rising from a mere 20.55 score. It maintained a strong price trend in the short and medium terms but a weak trend in the long term. The stock was down 6.98% year-to-date, but up 36.38% and 40.36% over the month and the year, respectively.

Bitcoin Stays Under Pressure

The divergence comes as crypto markets remain fragile following the Federal Reserve's latest policy decision and the U.S.-Iran peace agreement. Bitcoin recently slipped from above $66,000 to near $64,000, while Ethereum, XRP, Solana, and Dogecoin also traded lower. Crypto selling persisted even as stock futures rallied after President Donald Trump signed the Iran "Memorandum of Understanding." According to Santiment, the Fed decision became a classic "buy the rumor, sell the news" moment, with investors shifting attention "from what was expected to what comes next."

Analysts See Fragile Recovery

CryptoQuant said Bitcoin's short-term holder 'Spent Output Profit Ratio' has not yet broken into panic territory. "The current structure suggests a fragile recovery phase rather than full capitulation; a reclaim of 1.0 would confirm improving short-term sentiment, while a renewed drop below 0.95 would signal rising panic risk," CryptoQuant said. Meanwhile, Anthony Scaramucci remained bullish on Bitcoin's longer-term setup, saying, "I think Bitcoin starts to rally late in the 4th quarter of 2026 into early 2027."

Cryptocurrency analyst Ali Martinez has drawn attention to the cryptocurrency holdings of Elon Musk, noting that the world's first trillionaire owns Bitcoin and Dogecoin. Martinez highlighted the significance of these holdings in a series of posts on X, emphasizing the potential impact of Musk's financial stature on the cryptocurrency market.

Corporate Bitcoin Reserves

Space Exploration Technologies Corp. and Tesla Inc. are the only two companies in the top 10 by market capitalization that hold Bitcoin on their balance sheets. These corporate holdings represent a significant allocation of digital assets within Musk's business empire.

SpaceX holds 18,712 BTC as of March 31, recognized at a fair value of $1.29 billion. Tesla holds 11,509 BTC, worth more than $734 million, according to on-chain data. At current prices, SpaceX's stash would be worth $1.19 billion.

Personal Holdings and Dogecoin

Details regarding Musk's personal Bitcoin holdings remain limited. In 2020, he revealed he owned only 0.25 BTC, but no clear updates have been provided since then. Regarding Dogecoin, Martinez pointed to Musk's 2018 disclosure that he owned "some" Dogecoin alongside Bitcoin and Ethereum. The exact amount of Dogecoin held by Musk is not publicly detailed.

Unlike Bitcoin, none of Musk's companies hold Dogecoin on their balance sheets. Musk is known for influencing market sentiment through his comments on Dogecoin. In February, he stated that SpaceX would likely put the memecoin "on the moon" next year.

Market Performance

At the time of writing, Bitcoin was exchanging hands at $63,847.87, down 2.84% over the last 24 hours. Dogecoin traded down 3.72% at $0.08418.