Nov 3, 2023

Bitcoin mining stocks soared Thursday as bitcoin (BTC) itself traded around a 17-month high.

Video transcript

The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at the chart of the day. Bitcoin mining stock soared Thursday as Bitcoin traded around its 17 month high shares of us listed mining companies like marathon digital riot platforms and cleans spark rallied around 10% during the day amid a wider surge in equities. Meanwhile, the Dow Jones industrial average notched its best day since June crypto related stocks were benefiting from thawing sentiment on Wall Street following a dismal as traders increasingly bet the Federal Reserve is finished with its historic interest rate hiking cycle in an ex post, Caleb Franzen, founder of cu analytics said if you're a crypto trader who believes that a crypto and equity bull market is around the corner, I deplore you to focus on Bitcoin mining stocks to generate the most alpha. That's it for today's chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories.

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