From Nasdaq:

On Monday, publicly traded businesses dependent on Bitcoin saw sharp gains. Cleanspark (NASDAQ: CLSK) rose nearly 20%, Riot Platforms (NASDAQ: RIOT) improved by over 9%, and Microstrategy (NASDAQ: MSTR) soared almost 22%.

Bitcoin reached a record $70,000 price, surprising investors despite spot Bitcoin ETF outflows of $836 million. The cryptocurrency’s price weakness attracted bargain-hunters, as bullishness prevails amid potential interest rate cuts and moderated inflation.

Bitcoin’s upcoming halving event, reducing mining rewards, is driving increased interest in the cryptocurrency. The overall positive outlook for Bitcoin and related companies like Cleanspark, Riot Platforms, and Microstrategy remains strong.



Read more at Nasdaq: Why Crypto Stocks Were Monster Winners on Monday