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Why Shares of Canaan, CleanSpark, and Bitfarms Are Rising Today

TheMotleyFool

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Why Shares of Canaan, CleanSpark, and Bitfarms Are Rising Today: https://g.foolcdn.com/editorial/images/727857/generic-upward-14.jpg

Cryptocurrencies and crypto-related stocks moved higher today after the price of the world's largest cryptocurrency Bitcoin (CRYPTO: BTC) moved past $30,000, a level it hasn't crossed in 10 months.

Shares of the Chinese Bitcoin-mining company Canaan (NASDAQ: CAN) traded roughly 12% higher as of 12:04 p.m. ET today, while shares of CleanSpark (NASDAQ: CLSK) traded roughly 11.1% higher. Shares of the Canadian miner Bitfarms (NASDAQ: BITF) were up 8.3%.

The big story of the day is the price of Bitcoin surging past $30,000. The token is up close to 82% this year in what has been a spectacular rally after a difficult year in 2022.

Source Fool.com

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