Why SOS and The9 Skyrocketed Today While CleanSpark Lagged Behind Other Bitcoin Miners
Shares of Bitcoin (CRYPTO: BTC) rose 6.8% over the last 24 hours, as of 2:55 p.m. EST. Other major cryptocurrencies also surged higher, led by an 18% jump in Binance Coin (CRYPTO: BNB). These lively gains lit a fire under cryptocurrency-related stocks, driving several sector stalwarts more than 20% higher. Bitcoin traders were ready to brush off the damage from the past weekend's dramatic price drops, supported by a bipartisan House bill that seeks to clarify the legal framework for trading and owning digital assets in the U.S.
A handful of crypto stocks also had market-moving news of their own.
Bitcoin miners CleanSpark (NASDAQ: CLSK) and The9 (NASDAQ: NCTY) are buying more mining hardware, lifting their shares as much as 27.1% and 45.9% higher, respectively.
Source Fool.com
