Crypto stocks jump as bitcoin suddenly breaks $90,000; HUT and COIN lead gains
Shares of crypto-linked companies are rallying after the price of bitcoin surged more than 2.8% in an hour to rise above $90,000, marking a fresh high and reigniting interest across the sector.
The price jump triggered gains across mining stocks, trading platforms and cryptocurrency infrastructure firms. Bitcoin miner Hut 8 (HUT) outperformed the wider sector, rising 14.4% to $42, while rival CleanSpark (CLSK) saw a 5.1% rise after the opening bell to top $12, and Riot Platform (RIOT) rose 3.5% to near $14.
These mining firms depend heavily on bitcoin’s price for revenue, with rising BTC prices often meaning fatter mining margins and a more sustainable environment. However, HUT had surged 20% in early trading after…
