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Why These 3 Crypto Miners Are Exploding Higher Today

TheMotleyFool

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Why These 3 Crypto Miners Are Exploding Higher Today: https://g.foolcdn.com/editorial/images/734391/crypto-mining2.jpg

Positive momentum among higher-risk assets is prevailing today, with the and cryptocurrency market outperforming most other indexes in today's session.

However, the moves seen in various crypto miners today has been staggering. As of 12 p.m. ET, Riot Platforms (NASDAQ: RIOT), Bitfarms (NASDAQ: BITF), TeraWulf (NASDAQ: WULF), and Hut 8 Mining (NASDAQ: HUT) have appreciated 12.2%, 8.2%, 6.3%, and 5.8%, respectively, over the past 24 hours.

Some of these gains appear to be driven from various macro forces, including a debt ceiling bill that would raise the debt ceiling for another two years and negate the potential fallout of an immediate government default on its debt.

Source Fool.com

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