Bitcoin Mining Stocks MARA Holdings, Riot, CleanSpark Surge As Bitcoin Climbs To New Highs: What’s Going On?
Bitcoin (CRYPTO: BTC) mining stocks MARA Holdings Inc (NASDAQ:MARA), Riot Platforms Inc (NASDAQ:RIOT) and CleanSpark Inc (NASDAQ:CLSK) are trading higher Thursday as bitcoin climbs to new all-time highs.
What To Know: Bitcoin surged to new all-time highs on Wednesday and continued to move higher Thursday morning, last up about 4.25% over a 24-hour period, hovering around $111,235, according to Benzinga Pro.
Bitcoin has seen strong momentum in May as inflows into ETFs tracking bitcoin continue to rise. According to on-chain market analysis firm Santiment, there has been a net inflow of $6.63 billion across bitcoin ETFs over the past five weeks.
Bitcoin may be benefiting from a combination of factors, including a recent surge in risk assets as broader markets bounce back from lows reached in April. …
About The Author
