Bitcoin Mining Stocks Soar 10% as BTC Hovers Near 17-Month High at $35K

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

U.S.-listed mining companies such as Marathon Digital , Riot Platforms and CleanSpark rallied 10%-12% during the day amid a wider surge in equities. The Dow Jones Industrial Average notched itsThe S&P 500 and Nasdaq equity indexes advanced for the second consecutive day as investors continue to digest Fed Chair Jerome Powell'sBitcoin Spot ETFs Could See Inflows of $14.

"If you're a crypto trader who believes that a crypto and equity bull market is around the corner, I'd implore you to focus on bitcoin mining stocks to generate the most alpha," Caleb Franzen, founder of Cube Analytics, said in anCoinbase also closed the day with an 8.

Crypto trading firm QCP Capital said in a Thursday market update that BTC will likely stabilize around the current level barring a major catalyst, with $32,000 providing a price floor."It will take the spot ETF approval for us to start the new exponential leg higher," analysts with the crypto asset trading firm QCP Capital said, referring to the possibility the U.S. Securities and Exchange Commission approves a.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MicroStrategy’s Bitcoin bag is up $900M amid BTC price surgeBusiness analytics firm MicroStrategy is now up $900 million on its Bitcoin strategy, and revealed it bought at least 6,000 BTC since the third quarter.
Source: Cointelegraph - 🏆 562. / 51 Read more »