Posted 2/26/2024, 4:58:46 PM
Bitcoin Miners Surge as Bitcoin Breaks Out of Trading Range
- Bitcoin mining stocks like CleanSpark, Marathon Digital, and Riot Platforms are surging as Bitcoin's price breaks out of recent trading range to highest since Dec 2021
- Broader crypto market benefiting from increased demand after recent spot ETF approvals and upcoming Bitcoin halving event
- Mining stocks outpacing underlying asset price gains partly due to recent strong earnings reports
- CleanSpark shares up 21.7% after reporting strong February earnings
- Bitcoin up 3.7% over 24 hours, breaking $53,000 level