The price of Bitcoin (CRYPTO: BTC) was soaring on Wednesday, seemingly catalyzed by interesting news from Latin America. As of 1:30 p.m. EDT, the price of Bitcoin was about $36,500, up 14% over the past 24 hours, according to CoinDesk.
Because of this, many Bitcoin mining stocks were also up today, especially smaller companies. Among these are CleanSpark (NASDAQ: CLSK) , SOS Limited (NYSE: SOS) , and Ebang International Holdings (NASDAQ: EBON) , up 13%, 10%, and 9%, respectively.
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Why Bitcoin Mining Stocks Were Soaring Today