Summary
Crypto-linked stocks, including bitcoin mining companies, rallied as bitcoin’s price increased by over 3% in the last 24 hours. Stocks such as Cipher Mining, Mawson, Core Scientific, Sphere 3D, TeraWulf, Bitfarms, Marathon Digital, and Hut 8 saw gains ranging from 5% to 15%. Hut 8 had experienced a significant decline earlier in the week due to being targeted by a short seller.
Key Points
1. Crypto-linked stocks experienced a rally after the price of Bitcoin increased by over 3% in the past 24 hours, resulting in a positive end to the week.
2. Bitcoin mining companies, which are more susceptible to price fluctuations, saw significant gains in their stocks, with some rising by 5% to 15%.
3. Several mining companies, including Cipher Mining, Mawson, Core Scientific, Sphere 3D, TeraWulf, Bitfarms, Marathon Digital, and Hut 8, experienced a rebound after facing challenges earlier in the week when they were targeted by a short seller.