Crypto-related stocks in the United States experienced gains on Monday, following a broader market upturn after the Bitcoin halving. The top five publicly-traded Bitcoin miners in the country, including Marathon Digital, CleanSpark, Riot Platforms, Cipher Mining, and Hut 8, all saw double-digit percentage gains. Stronghold Digital Mining was the biggest gainer of the day, with a 35.3% increase. Riot followed closely with a 23% jump. Despite the halving of Bitcoin mining rewards, U.S. crypto miners continued to see price gains. The Valkyrie Bitcoin Miners ETF also experienced an 11% gain. These gains occurred alongside a general market increase, attributed to reduced tensions in the Middle East and upcoming earnings reports from major tech companies. Bitcoin’s price has risen 4.5% since the halving. Crypto exchange Coinbase and Bitcoin-buying software firm MicroStrategy also saw gains.
American cryptocurrency stocks surge on their initial day of trading following the Bitcoin halving.