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

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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.

 

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