Bitcoin Mining Stocks Skyrocket By 10% As It Nears 17-Month High
Portfolio Pulse from Benzinga Neuro
Bitcoin mining stocks have surged by 10% as Bitcoin nears its 17-month high. U.S.-listed mining companies Marathon Digital, Riot Platforms, and CleanSpark saw their stocks rally 10%-12% amid a broader equity surge. The positive sentiment on Wall Street following a bleak October has been beneficial for cryptocurrency-related stocks. Traders believe that the Federal Reserve’s historic interest rate hiking cycle has ended.
November 03, 2023 | 9:29 am
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POSITIVE IMPACT
CleanSpark's stock has rallied 10%-12% amid a broader equity surge as Bitcoin nears its 17-month high.
The surge in Bitcoin's price has a direct impact on Bitcoin mining companies like CleanSpark. As Bitcoin nears its 17-month high, it's likely that CleanSpark's stock will continue to rally in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Marathon Digital's stock has rallied 10%-12% amid a broader equity surge as Bitcoin nears its 17-month high.
The surge in Bitcoin's price has a direct impact on Bitcoin mining companies like Marathon Digital. As Bitcoin nears its 17-month high, it's likely that Marathon Digital's stock will continue to rally in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Riot Platforms' stock has rallied 10%-12% amid a broader equity surge as Bitcoin nears its 17-month high.
The surge in Bitcoin's price has a direct impact on Bitcoin mining companies like Riot Platforms. As Bitcoin nears its 17-month high, it's likely that Riot Platforms' stock will continue to rally in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100