MarketBeat Spotlights Top Cryptocurrency Stocks to Watch on February 1st Amid Surging Trading Volumes
As cryptocurrency markets show renewed vigor with elevated trading activity, MarketBeat’s latest stock screener has identified key cryptocurrency stocks drawing investor attention based on recent dollar trading volumes. Leading the pack are Galaxy Digital (GLXY), Bitfarms (BITF), and HIVE Digital Technologies (HIVE), flagged for their substantial market activity on February 1st.[4]
Galaxy Digital, Bitfarms, and HIVE Take Center Stage
Galaxy Digital stands out as a diversified digital-asset financial services firm, offering trading, asset management, investment banking, and mining services. This broad exposure positions it as a comprehensive play on the crypto ecosystem. Meanwhile, Bitfarms and HIVE Digital are primarily focused on cryptocurrency mining operations spanning North and South America, as well as parts of Europe.[4]
These selections highlight how cryptocurrency stocks provide indirect exposure to digital assets without requiring direct token ownership. However, they come with amplified volatility tied to crypto price swings, alongside company-specific operational risks and evolving regulatory landscapes.[4]
Bitcoin Mining Stocks Heat Up the Watchlist
Complementing the core cryptocurrency picks, MarketBeat’s analysis on Bitcoin-linked equities points to seven high-volume stocks: IREN (IREN), Cipher Mining (CIFR), TeraWulf (WULF), Marathon Digital (MARA), Riot Platforms (RIOT), CleanSpark (CLSK), and Bit Digital (BTBT). These firms dominate recent dollar trading volumes in the Bitcoin mining sector.[2]
IREN Limited, formerly Iris Energy, operates bitcoin mining data centers from its Sydney headquarters. Industry observers question if 2026 could be the prime year to accumulate positions in crypto miners amid market rebounds.[2] Similarly, Marathon Digital (MARA) and Riot Platforms (RIOT) are established North American mining powerhouses, capitalizing on Bitcoin’s infrastructure demands.[2]
Blockchain Plays Expand the Opportunity Set
Beyond pure crypto miners, promising blockchain stocks are also gaining traction. MarketBeat lists Core Scientific (CORZ), Figure Technology Solutions (FIGR), Globant (GLOB), Bitdeer (BTDR), Digi Power X (DGXX), Nukkleus (NUKK), and BTCS (BTCS) as top performers by trading volume. These span mining and hosting (Core Scientific, Bitdeer), fintech platforms (Figure, Nukkleus), and validator services (BTCS).[3]
This diversity underscores blockchain’s reach into fintech, trading, and staking, offering varied risk-reward profiles for investors eyeing crypto-adjacent growth.[3]
Top Cryptocurrency and Related Stocks by Trading Volume
| Stock Ticker | Company | Focus Area |
|---|---|---|
| GLXY | Galaxy Digital | Financial Services & Mining |
| BITF | Bitfarms | Mining |
| HIVE | HIVE Digital | Mining |
| IREN | IREN Limited | Bitcoin Mining Data Centers |
| MARA | Marathon Digital | Bitcoin Mining |
| RIOT | Riot Platforms | Bitcoin Mining |
| CORZ | Core Scientific | Blockchain Mining & Hosting |
Broader Market Context and Investor Considerations
The surge in these stocks aligns with heightened interest in crypto infrastructure, even as Bitcoin prices fluctuate. MarketBeat notes that while these equities mirror crypto trends, they introduce additional layers of risk from operational efficiencies, energy costs, and regulatory scrutiny.[2][4]
Related sectors like infrastructure also intersect with crypto, with names such as Coinbase Global (COIN) and Applied Digital (APLD) appearing on watchlists for their roles in supporting digital asset ecosystems.[7] Analysts caution that cryptocurrency stocks remain speculative, best suited for diversified portfolios tolerant of high volatility.[4]
“Cryptocurrency stocks offer exposure to the crypto sector without owning tokens directly but carry heightened volatility and company-specific and regulatory risks.”[4]
2026 Outlook: Miners and Beyond
Looking ahead, MarketBeat previews potential top performers into March, emphasizing that last year’s winners in crypto-related spaces may have more upside. Reports on Bitcoin ETFs and GPU services further signal infrastructure bets as key themes for 2026.[1][10]
Investors are advised to monitor earnings, Bitcoin halving aftereffects, and U.S. regulatory developments, which could propel or pressure these stocks. Tools like MarketBeat’s screener, analyst ratings, and volume trackers remain essential for real-time insights.[9]
This wave of activity on February 1st reflects sustained investor appetite for crypto equities, positioning them as focal points amid a dynamic market landscape.