Bitcoin (CRYPTO: BTC/USD) stocks including Marathon Digital Holdings, Inc (NASDAQ:MARA), CleanSpark, Inc (NASDAQ:CLSK), Coinbase Global, Inc (NASDAQ:COIN), Riot Platforms, Inc (NASDAQ:RIOT), MicroStrategy Inc (NASDAQ:MSTR) are trading higher Monday as Bitcoin surged past $63,000 for the first time in 12 days as U.S. institutional investors resumed purchasing after weeks of sell-offs.

Currently, Bitcoin bulls and bears are fiercely contesting this level.

Also Read: Following Coinbase And Stripe Deal, Fiat-To-Crypto Payments Players See Big Future

Bitcoin has been in a downtrend for most of June, but prices began to stabilize in July as spot Bitcoin ETFs experienced positive flows.

Earlier in July, cryptocurrency analyst Credible Crypto predicted Bitcoin might surge around 80% after the correction phase, suggesting substantial rallies post-correction, with the next major leg aiming for $100,000.

Investors can gain exposure to Bitcoin through iShares Bitcoin Trust (NASDAQ:IBIT) and ProShares Bitcoin Strategy ETF (NYSE:BITO).

Price Actions: MARA stock is up 7.08% at $22.24, CLSK is up 7.45% at $17.03, COIN is up 9.38% at $238.48, MSTR is up 10.60% at 1,544.23 at the last check on Monday.

Also Read:

• Crypto Analyst Predicts Bitcoin To Blast Off To $90,000 If This Happens

Image via Shutterstock

"ACTIVE INVESTORS' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!

Get the latest stock analysis from Benzinga?

• MICROSTRATEGY (MSTR): Free Stock Analysis Report

• COINBASE GLB (COIN): Free Stock Analysis Report

• MARATHON DIGITAL HOLDINGS (MARA): Free Stock Analysis Report

This article What's Going On With Bitcoin Mining Stocks Marathon Digital, CleanSpark, Coinbase, MicroStrategy, Riot Platforms On Monday? originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.