2023-03-23 17:15:45 ET
Riot Platforms ( RIOT ) ended Thursday's trading session 16.9% higher, paring some gains after rising as much as 20% , tracking broader gains in cryptocurrency mining stocks.
The gains were spurred by bitcoin ( BTC-USD ) rising after the Federal Reserve pushed back against cutting rates this year with inflation still well above target.
The crypto market seemed largely unbothered by the SEC's crackdown on exchange Coinbase ( COIN ). At the time of writing, bitcoin ( BTC-USD ) was up 3.3% at $28.31K.
Other miners that ended in the green include: Cipher Mining ( CIFR ) +14.2% , BIT Mining ( BTCM ) +14.1% , Hut 8 Mining ( HUT ) +9.7% , Marathon Digital ( MARA ) +8.7% , Bit Digital ( BTBT ) +8.3% , CleanSpark ( CLSK ) +7.1% .
More on the Crypto Clampdown
SEC warns of 'significant' risk of loss for crypto investors
Ex-Terraform Labs CEO Do Kwon arrested in Montenegro
SEC sues Tron founder Justin Sun for fraud
Coinbase Wells Notice: What Is At 'Stake'
For further details see:
Why did Riot Platforms rise? Crypto gains push mining stocks higher