Bitcoin Mining Stocks Skyrocket as Trump’s White House Win Sparks Crypto Rally

CN
4 hours ago

On Nov. 6, bitcoin mining stocks rallied, riding high alongside bitcoin, which hovered at $74.6K by 9:40 a.m. ET on Wednesday. MARA Holdings (MARA), boasting the largest market cap among 30 mining firms, enjoyed a 9.89% boost.

Core Scientific (CORZ) followed with an 8.21% increase, while Riot Platforms (RIOT), holding the third-highest market cap, saw an 11.38% rise against the dollar. Leading the top ten gainers, Cipher Mining (CIFR) jumped 17.67% by 9:40 a.m. ET, with Hut 8 (HUT) close behind, climbing 17.05% that morning.

Out of the 30 publicly traded mining companies, only Griid (GRDI) missed out on the upswing on Nov. 6. Beyond mining stocks, crypto-linked companies like Coinbase and Microstrategy also benefited from the day’s momentum.

Coinbase (COIN) advanced 15.97%, while Microstrategy (MSTR) increased by 12.27% against the dollar. The surge in bitcoin mining stocks and related crypto companies reflects growing market confidence following recent political developments associated with Trump’s win.

Investors appear optimistic about digital assets, pushing valuations higher as bitcoin stabilizes near record highs. This rally, encompassing both miners and crypto firms, may signal a renewed interest in the sector as traders watch for further gains in the unpredictable crypto economy.



免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink