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

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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.

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