These 4 Bitcoin Miners Are Absolutely Skyrocketing Today
This past 24 hours have been incredible for investors in Bitcoin (CRYPTO: BTC). The world's largest cryptocurrency surged from around $30,000 per token to break the $35,000 level in early morning trading Tuesday. As of 12:30 p.m. ET, Bitcoin's price was hovering around the $34,000 level.
The crypto's surge appears to be tied to bullish sentiment building around the listing of a spot Bitcoin exchange-traded fund (ETF). Blackrock's spot Bitcoin ETF product has reportedly been listed on the Depository Trust Clearing Corporation database, under the ticker "IBTC." This has led many investors to believe that the Securities and Exchange Commission (SEC) has already capitulated in its fight against the formation of such ETFs. And that has crypto bulls expecting that a wave of institutional investment into Bitcoin will follow.
All of this has had ripple effects for Bitcoin miners, which are seeing strong price appreciation Tuesday. Shares of Canaan (NASDAQ: CAN), Marathon Digital (NASDAQ: MARA), Cleanspark (NASDAQ: CLSK), and Riot Platforms (NASDAQ: RIOT) had surged by 12.3%, 10.5%, 9.5%, and 9.4%, respectively, over the past 24 hours as of 12:30 p.m. ET.
Source Fool.com
