Payments giant Stripe is edging closer to an initial public offering. However, it comes at a time when tech and crypto stocks are in a deep bear market.<\/strong><\/p>\n On Jan. 26, the Wall Street Journal reported that \u201cone of Silicon Valley\u2019s most valuable startups,\u201d is edging closer to a huge public-market debut.<\/p>\n Stripe executives plan to either take the Web3 firm public or allow employees to sell shares in private-market transactions within the next 12 months, it reported<\/a>. Furthermore, the WSJ noted:<\/p>\n \u201cA Stripe stock-market listing could help revive an initial public offering market that went dormant in 2022.\u201d<\/p>\n<\/blockquote>\n However, Stripe has not escaped the bears over the past year. The firm laid off 14% of its workforce in November, adding to a long list of tech company cutbacks.<\/p>\n Crypto stocks were hammered in 2022, along with the major tech stocks. Deepening recession fears and a gloomy macroeconomic outlook put the dampener on high-risk investments.<\/p>\n Several Bitcoin mining<\/a> companies went public, and their stocks have been battered. Other big names, such as Coinbase, saw its stock (COIN) plummet<\/a> to an all-time low. COIN prices slumped as low as $33 at the end of last year. This represents a fall of 90% from its all-time high, more than Bitcoin has declined during this bear market.<\/p>\n Mining firms such as Riot Blockchain, Marathon Digital, Hive, Hut8, and Bitfarms saw stocks slide during 2022. Furthermore, they have bounced off the bottom in a recent revival<\/a> for crypto stocks, but many remain way down from their peak prices.<\/p>\n As the macroeconomic narrative changes and crypto markets recover, there could be buying opportunities for crypto stocks in 20213.<\/p>\n Ones to keep an eye on would include Coinbase (COIN), Block Inc. (SQ), PayPal (PYPL), MicroStrategy (MSTR), Marathon Digital (MARA), and Silvergate Capital (SI).<\/p>\n Any web3 company that is also involved in crypto could see stocks soaring later this year. Crypto markets are cyclical and have historically moved around Bitcoin halving events<\/a>.<\/p>\n The next BTC halving is due in May 2024, and a large bull rally has followed in previous cycles. This would also be a boon for crypto stocks which will follow suit when markets recover.<\/p>\n At the time of writing, crypto markets were up 2.2% on the day, with a total capitalization of just over $1.1 trillion.<\/p>\n\n
Crypto Stocks Outlook<\/h2>\n
![\"COIN\/USD](\"https:\/\/s32659.pcdn.co\/wp-content\/uploads\/2023\/01\/COIN-850x470.png.webp\")
Bitcoin Halving Narrative<\/h2>\n