Bitcoin Jumps 5%, and Crypto Mining Stocks Soared Today
The price of Bitcoin (BTC 5.29%) recovered on Tuesday as investors swung back to a risk-on trade. Markets have feared growing trade tensions between the U.S. and China, and that pushed stocks lower on Monday. Investors looking for a “safe” alternative have pushed gold and Bitcoin higher, with the biggest cryptocurrency jumping 5.2% in the last 24 hours as of 2:10 p.m. ET today.
Crypto miners followed the move with TeraWulf (WULF 17.11%) jumping as much as 20.9%, Riot Platforms (RIOT 13.51%) rising 14.3%, and MARA Holdings (MARA 13.26%) climbing 12.2%. The stocks are currently up 17.6%, 12.1%, and 11.1% respectively.
Bitcoin’s jump and its role in global finance
The strange thing about the moves in the…
