Coinspeaker
Bitcoin Mining Stocks Skyrocket as BTC Price Hovers Around $35K
Bitcoin (BTC) mining stocks enjoyed significant gains on Thursday as the price of the coin hovers around $35,000, its highest level in over 17 months.
Bitcoin Mining Stocks’ Strong Performance
According to reports, US-listed mining companies such as Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT), and CleanSpark Inc (NASDAQ: CLSK) experienced remarkable gains of 10% to 12% during the trading day. The double-digit gains by these companies highlight the growing interest in Bitcoin mining stocks.
Caleb Franzen, founder of Cube Analytics, advised crypto traders to focus on these stocks for generating significant returns, especially if they believe a crypto and equity bull market is on the horizon.
The rally in these mining stocks was part of a broader surge in equities, with the Dow Jones Industrial Average (INDEXDJX:.DJI) posting its best day since June. The enthusiasm wasn’t l
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