Bitcoin mining stocks post double-digit gains in weekly rally
04.07.2025
4030
Crypto mining stocks logged strong weekly gains, despite a pullback on Thursday, in a rally fueled by signs that a favorable macroeconomic backdrop could support the US Federal Reserve’s soft-landing narrative.
Crypto mining stocks are flexing hard this week, shrugging off a slight dip on Thursday. The rally? All thanks to the Fed's soft-landing vibes and a macro scene that's looking kinda sweet.
Riot Platforms, Hive Digital, Hut 8, MARA Holdings, and Bitfarms are up between 13% and 28%. That's right, they're mooning while the US was busy prepping for BBQ season.
Thursday's action? A jobs report that came in hotter than expected. But like all good parties, some miners took a breather after the initial hype.
VanEck’s Digital Transformation ETF, aka the cool kids' club for crypto stocks, popped 3.2%. Coinbase, Circle, and the gang are all in there, living their best life.
Bitcoin miners follow broader stock market higher
The S&P 500 and Nasdaq hit new ATHs. Why? The US added 147K jobs in June, and unemployment dipped to 4.1%. Economists are blaming an immigration crackdown for the tight labor market. Plot twist.
BTC flirted with $110K before pulling back. Up nearly 2% for the week. Not bad for a digital gold, huh?
Matt Mena from 21Shares says the macro scene is ripe for rate cuts, risk-on mood, and maybe, just maybe, some regulatory clarity. Sounds like a party we wanna be at.
#Bitcoin mining#Bull market#Bitcoin bull market#Bitcoin price increase#Cryptocurrency market
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