Why Altcoins and Crypto Miner Stocks Surged on Monday
Monday was one of those trading sessions where a blindfolded investor could throw a dart at a big list of cryptocurrency investments and hit a gainer no matter what. The prices of a great many coins, tokens, and stocks of companies heavily involved in the crypto sphere shot higher on the day, many at double-digit rates.
Among those "double Ds" was Bitcoin SV (CRYPTO: BSV), the Bitcoin hard fork, which raced 16% higher in late afternoon trading. Crypto mining companies Bitfarms (NASDAQ: BITF) and Cleanspark (NASDAQ: CLSK), meanwhile, both closed the stock trading day at around the 12% mark. Bitcoin Cash (CRYPTO: BCH) didn't do as spectacularly but still managed to rise more than 8%.
The day kicked off with an X (formerly Twitter) posting on the account of crypto news website Cointelegraph that the first U.S. Bitcoin spot price exchange-traded fund (ETF) had been approved. The post had it that financial services company BlackRock was given the nod by the Securities and Exchange Commission (SEC).
Source Fool.com
