Crypto stocks rally by double-digits: What role did Bitcoin play?
- Bitcoin’s recovery triggered a rally in crypto stocks.
- Amid growing popularity, the Minneapolis Fed President considered BTC worthless.
After the “Uptober” prospects appeared to dwindle following Bitcoin’s [BTC] decline below the critical $60,000 mark last week, the king coin has now made a remarkable comeback.
On the 14th of October, BTC hit a high of $66,500, the highest price since July.
This price hike catalyzed a double-digit rally for publicly traded crypto-linked firms in the U.S.
CleanSpark (CLSK)—a Bitcoin mining company, posted the highest gains of 12.72% as per Google Finance. This was closely followed by Coinbase (COIN), which appreciated by 11.32%.
Other notable gainers were LM Funding America (LMFA) up by…
