Finance News

Story: Bitcoin Miners Rally Hard as Crypto Hits $76,100

By Maheen Hernandez

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Mining Stocks Catch Bitcoin Fever. Hive and Bitfarms have been expanding their operations lately, trying to cash in on Bitcoin's…

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Futures Markets Signal More Gains. Chicago Mercantile Exchange Bitcoin futures for May delivery traded at a $1,500 premium over spot…

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Bitcoin smashed through $76,100 Thursday, hitting its highest level in two months as Middle East tensions cooled down and spooked investors came crawling back.

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Hive Blockchain Technologies and Bitfarms both saw their shares rocket over 11% in the same session, pretty much matching Bitcoin's wild ride higher.

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Markets love stability. Even fake stability.

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The crypto surge came as diplomatic moves in Iran calmed investor nerves across global markets. U.S.

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David Schwartz from Coin Metrics warned that crypto's volatile nature could flip market dynamics fast.

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The rally wasn't just about Bitcoin either. Ethereum climbed to $4,800 as decentralized finance platforms saw fresh activity, suggesting people are spreading their bets across…

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JPMorgan Chase threw some cold water on the party Wednesday, telling clients to watch out for corrections in crypto markets.

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Neither Hive nor Bitfarms has spelled out how they'll use the current Bitcoin price surge to their advantage.

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The geopolitical backdrop keeps shifting too. Iran tensions eased for now, but analysts say the situation stays fluid.

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Bitcoin futures premiums hit $1,500 over spot prices on CME Thursday. This development aligns with Iran War Chaos Hits Crypto Markets, highlighting broader market trends.

The Currency Analytics

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