HUT - What Happened With Bitcoin Miner Hut 8's Stock Today? | Benzinga
Hut 8 Corp. (NASDAQ:HUT) shares traded higher Monday as the price of Bitcoin (CRYPTO: BTC) climbed above $63,000.
The Details: Bitcoin has rallied nearly 6% over the past 24 hours as investors interpret the increasing odds of a second term for former President Donald Trump as a positive development for cryptocurrencies. Shares of Bitcoin miners and crypto-related stocks climbed higher Monday across the board.
On-chain analytics firm Santiment interpreted the rally as the market’s “bullish bias” toward a pro-Trump development.
“It goes without saying that surviving an assassination attempt is perceived as pro-Trump news. Therefore, bullish responses have occurred as a result,” Santiment noted.
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