Bitcoin Miners Surge 52% In November As Prices Near $100,000
Posted On December 2, 2024
November was a blockbuster month for U.S.listed Bitcoin (CRYPTO: BTC) miners, with the sector riding Bitcoin’s meteoric rise to fresh record highs.
JPMorgan analyst Reginald L. Smith noted that Bitcoin rallied to $99,000 before ending the month of November at $97,000, buoyed by a post-election rally.
Against this backdrop, miners surged, with the aggregate market cap of 14 JPMorgan-tracked companies jumping 52% month-over-month to $36.2 billion, far outpacing Bitcoin’s 37% appreciation.
Crypto Winners & Losers: Bitdeer Leads The Pack
Smith highlighted Bitdeer Technologies Group (NASDAQ:BTDR) as the standout performer, rocketing 83% in November, driven by its pure-play mining focus …
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