Cipher, Coinbase and MicroStrategy lead crypto stock surge following bitcoin’s bounce back | Headlines | News | CoinMarketCap

07/16/2024 05:03
Cipher, Coinbase and MicroStrategy lead crypto stock surge following bitcoin’s bounce back | Headlines | News | CoinMarketCap

The rise in bitcoin spilled over into a huge day for cryptocurrency-related stocks on U.S. indices Monday. Crypto miners did particularly well on …

The rise in bitcoin spilled over into a huge day for cryptocurrency-related stocks on U.S. indices Monday.

Crypto miners did particularly well on Monday. Cipher Mining's stock (CIFR) led the way, closing up more than 27%, followed by Marathon Digital (MARA), Hut 8 (HUT), Riot Platforms (RIOT) and Cleanspark (CLSK), which all rose between 15% and 19% on the day. 

Bitcoin's price, which had been trading under $60,000 for much of the past 10 days, rebounded to break the $63,000 level early Monday morning after former U.S. President Donald Trump survived an assassination attempt on Saturday. Late Monday afternoon, Trump chose crypto-friendly Sen. J.D. Vance as his running mate for the 2024 presidential election.

BlackRock CEO Larry Fink also gave cheer to the sector when he said …

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