Bitcoin Mining Stocks Lead NASDAQ Gains: 20% Rally in 48 Hours

Bitcoin mining stocks have been among the stock market’s best performers all year. The situation got even better since the start of the week as several miners rallied double digits.Promising developments in the regulatory landscape coinciding with the upcoming Bitcoin halving have blown the lid off shares of publicly traded crypto mining companies.

Bitcoin stocks have been soaring all year, not just this week, on the heels of the latest BTC price rally. By August, Bitcoin stocks Should Ripple Labs receive a favorable final judgment or settlement in its case, that tailwind could continue. An actual SEC approval for a spot Bitcoin exchange-traded fund would also likely increase demand for BTC mining stocks.

Canada Canada Latest News, Canada Canada Headlines

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

Bitcoin Mining Stocks Rally as BTC Holds Above $30K Despite Looming Halving ConcernsAoyon Ashraf is managing editor with more than a decade of experience in covering equity markets
Source: CoinDesk - 🏆 291. / 63 Read more »

Wall Street drifts as stocks continue to follow the bond market's leadWall Street is drifting in mixed trading, continuing a months-long run where it’s followed the cue of the bond market.
Source: latimes - 🏆 11. / 82 Read more »

Asian stocks rise, China in the lead on new stimulus plansAsian stocks rise, China in the lead on new stimulus plans
Source: Investingcom - 🏆 450. / 53 Read more »