Which stocks move most with bitcoin?

By weekly beta to bitcoin over 52 weeks to 6 Nov 2026: MSTR 1.35 (treasury), GLXY 1.27 (exchange), COIN 1.15 (exchange), CRCL 1.11 (stablecoin), BTDR 1.09 (miner), MARA 1.08 (miner).

What does a bitcoin beta of 1.35 mean?

It means the stock has moved about 1.35% in the same week for each 1% move in bitcoin, on average over the last 52 weeks (MSTR's beta today). It is a description of past co-movement, and a loose one: next month's beta was typically about 0.37 away from the last one, so it is not a forecast.

Do crypto stocks open in line with bitcoin's weekend move?

After weekends when bitcoin moved 5% or more, MSTR opened on bitcoin's side 87% of 31 vs 70% (validated); COIN opened on bitcoin's side 85% of 26 vs 70% (provisional); MARA opened on bitcoin's side 79% of 62 vs 62% (validated); IREN opened on bitcoin's side 95% of 19 vs 66% (provisional); CLSK opened on bitcoin's side 89% of 28 vs 67% (validated). The validated names for the sign of the gap are MARA, CLSK.

Which stocks move with bitcoin, ranked by beta

Miners, exchanges, treasury companies and brokers ranked by how much they have moved per 1% move in bitcoin, whether each trades more like bitcoin or like the Nasdaq, and what happens at Monday's open after big bitcoin weekends.

Data as of 6 Nov 2026.

Open the linked stocks page in the cockpit Crypto summary Coins

Ranked by weekly beta to bitcoin over the 52 weeks to 6 Nov 2026 (bitcoin is read through IBIT, the iShares bitcoin ETF, so both are priced at the US close): MSTR 1.35, GLXY 1.27, COIN 1.15, CRCL 1.11, BTDR 1.09 move most per 1% move in bitcoin.
Example: a 10% bitcoin drop implies about -14% for MSTR (beta × −10%; illustrative, not a forecast).
Regime: BTC-led names move more with bitcoin than with the Nasdaq-100 ETF QQQ (weekly correlation at least 0.10 higher): MSTR, GLXY, COIN, CRCL, BTDR, MARA. QQQ-led names carry more tech-market than bitcoin movement: IREN, HOOD, BITF, BTBT, CIFR, HUT, APLD, CORZ, WULF.
The order holds up: at 57 month-ends since 2022 the trailing ranking matched the next month's with a rank correlation (Spearman; 1 = identical order, 0 = unrelated) of 0.41 on average (95% range +0.34 to +0.48), positive at 91% of them. The exact beta is loose: next month's beta was typically about 0.37 away.
Weekend-gap odds: after weekends when bitcoin moved 5% or more between its Friday and Sunday UTC closes, the share of Mondays on which the stock opened on bitcoin's side, against quiet weekends: MSTR 87% of 31 vs 70% (validated); COIN 85% of 26 vs 70% (provisional); MARA 79% of 62 vs 62% (validated); IREN 95% of 19 vs 66% (provisional); CLSK 89% of 28 vs 67% (validated); HOOD 71% of 21 vs 64% (no edge); RIOT 76% of 62 vs 63% (provisional).

Crypto-linked stocks ranked by bitcoin beta

Weekly returns over the 52 weeks to 6 Nov 2026; the bitcoin leg is IBIT, priced at the US close, so there is no time-zone offset. Crypto-era history only (earlier years excluded). 'If bitcoin −10%' is beta × −10%, illustrative, not a forecast.
Rank	Stock	Type	Regime	Beta to bitcoin	Beta to QQQ	Correlation, bitcoin	Correlation, QQQ	1M	If bitcoin −10%	Weekend-gap odds
1	MSTR	treasury	BTC-led	1.35	1.70	0.78	0.43	-14.9%	-13.5%	87% of 31 vs 70% (validated)
2	GLXY	exchange	BTC-led	1.27	2.14	0.62	0.46	-32.0%	-12.7%
3	COIN	exchange	BTC-led	1.15	1.51	0.81	0.47	-21.6%	-11.5%	85% of 26 vs 70% (provisional)
4	CRCL	stablecoin	BTC-led	1.11	1.50	0.58	0.35	-16.0%	-11.1%
5	BTDR	miner	BTC-led	1.09	1.68	0.45	0.31	-38.1%	-10.9%
6	MARA	miner	BTC-led	1.08	1.70	0.60	0.42	-35.9%	-10.8%	79% of 62 vs 62% (validated)
7	IREN	miner	QQQ-led	0.95	2.96	0.44	0.61	-39.4%	-9.5%	95% of 19 vs 66% (provisional)
8	CLSK	miner	mixed	0.93	2.43	0.42	0.48	-42.0%	-9.3%	89% of 28 vs 67% (validated)
9	HOOD	broker	QQQ-led	0.85	2.31	0.51	0.62	-24.4%	-8.5%	71% of 21 vs 64% (no edge)
10	RIOT	miner	mixed	0.81	1.46	0.39	0.31	-0.8%	-8.1%	76% of 62 vs 63% (provisional)
11	BITF	miner	QQQ-led	0.79	2.91	0.36	0.58	-40.6%	-7.9%
12	BTBT	miner	QQQ-led	0.73	2.49	0.42	0.64	-46.1%	-7.3%
13	CIFR	miner	QQQ-led	0.65	2.42	0.27	0.44	-51.5%	-6.5%
14	HUT	miner	QQQ-led	0.56	2.33	0.29	0.53	-33.9%	-5.7%
15	APLD	miner	QQQ-led	0.51	2.85	0.25	0.63	-34.8%	-5.1%
16	CORZ	miner	QQQ-led	0.35	1.60	0.26	0.51	-23.4%	-3.5%
17	WULF	miner	QQQ-led	0.33	1.74	0.19	0.45	-16.7%	-3.3%
18	XYZ	payments	mixed	0.22	0.67	0.22	0.28	+13.6%	-2.2%

The Monday weekend-gap monitor

Armed when bitcoin moves 5% or more between its Friday and Sunday UTC closes (20:00 New York time each day), that is before the US reopens. The open gap is Monday's opening price against Friday's close.
Now: not armed. Bitcoin moved +1.4% (Friday 30 Oct 2026 to Sunday 1 Nov 2026).
Validated on the sign of the gap: MARA, CLSK. Validated on the size of the gap: COIN, RIOT, MARA, CLSK.
Size: after armed weekends MARA's average absolute open gap was 7.34% against 3.18% after a quiet weekend (95% range of the difference +2.38% to +6.11%, 62 armed weekends).

How to read the columns

Beta to bitcoin: the stock's average weekly move per 1% weekly move in bitcoin over the last 52 weeks. Correlation: how closely the weekly moves line up (1 = perfectly).
Regime: BTC-led when the stock moves more with bitcoin than with QQQ (weekly correlation at least 0.10 higher), QQQ-led for the reverse, mixed otherwise.
Type: treasury (holds bitcoin on its balance sheet), exchange, miner, broker, stablecoin issuer or payments.

Crypto-era history only (earlier years excluded). Source: TradingView daily bars for the stocks and IBIT. Descriptive history, not a forecast; the Evidence page lists the test behind each label.

Questions

Which stocks move most with bitcoin?: By weekly beta to bitcoin over 52 weeks to 6 Nov 2026: MSTR 1.35 (treasury), GLXY 1.27 (exchange), COIN 1.15 (exchange), CRCL 1.11 (stablecoin), BTDR 1.09 (miner), MARA 1.08 (miner).
What does a bitcoin beta of 1.35 mean?: It means the stock has moved about 1.35% in the same week for each 1% move in bitcoin, on average over the last 52 weeks (MSTR's beta today). It is a description of past co-movement, and a loose one: next month's beta was typically about 0.37 away from the last one, so it is not a forecast.
Do crypto stocks open in line with bitcoin's weekend move?: After weekends when bitcoin moved 5% or more, MSTR opened on bitcoin's side 87% of 31 vs 70% (validated); COIN opened on bitcoin's side 85% of 26 vs 70% (provisional); MARA opened on bitcoin's side 79% of 62 vs 62% (validated); IREN opened on bitcoin's side 95% of 19 vs 66% (provisional); CLSK opened on bitcoin's side 89% of 28 vs 67% (validated). The validated names for the sign of the gap are MARA, CLSK.

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