RIOT - Bitcoin Mining Stocks Skyrocket By 10% As It Nears 17-Month High | Benzinga
Bitcoin (CRYPTO: BTC) mining stocks have witnessed a significant surge, increasing by 10% as Bitcoin (BTC) lingers near its 17-month high.
The U.S.-listed mining companies like Marathon Digital (NASDAQ:MARA), Riot Platforms (NASDAQ:RIOT), and CleanSpark (NASDAQ:CLSK) saw their stocks rally 10%-12% amid a broader equity surge, reported CoinDesk.The Dow Jones Industrial Average marked its best day since June.
The thawing sentiment on Wall Street following a bleak October has been beneficial for cryptocurrency-related stocks. Traders are increasingly wagering that the Federal Reserve’s historic interest rate hiking cycle has come to an end.
“If you’re a crypto trader who believes that a crypto and equity bull ...