RIOT - Bitcoin Mining Stocks Marathon Digital Riot Platforms And CleanSpark Are Moving Monday: What's Going On? | Benzinga
Shares of multiple Bitcoin (CRYPTO: BTC) mining stocks including Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Platforms Inc (NASDAQ: RIOT) and CleanSpark Inc (NASDAQ: CLSK) are moving higher Monday amid a rise in bitcoin prices. Here's a look at what’s going on.
What’s Going On: Bitcoin has trended sideways since hitting fresh highs in March. Following a period of net outflows, spot bitcoin ETFs reversed the trend in early May, before experiencing net outflows again at the end of last week. Although bitcoin appears to be stuck in a trading range, it’s moving higher Monday morning and was last up about 2.8% over a 24-hour period, hovering around $62,930.
One development that may be helping boost bitcoin prices to start the week is ...