As the price of Bitcoin briefly surpassed $69,000, its strong performance was a boon for cryptocurrency-related stocks and exchange-traded funds. Bitcoin miners Hive Digital (ticker: HIVE) and Hut 8 (HUT) led the gains, both rising nearly 15% on the day. Larger peers such as CleanSpark (CLSK), Riot Platforms (RIOT) and Bitfarms (BITF) rose 7-10%.
Other cryptocurrency stocks including Coinbase (COIN) rose nearly 8%, while corporate Bitcoin holder MicroStrategy (MSTR) rose more than 11%.
In addition, it was reported that the three major U.S. stock indexes closed higher for the sixth consecutive week, the longest consecutive weekly gains for the Dow Jones and S&P 500 since 2024. (TheBlock)