Stock Track | Cipher Mining Soars 25% as Bitcoin Hits Record on Trump's Pro-Crypto Stance

Stock Track11-07

Cipher Mining Inc. (CIFR) stock surged 25.75% on Wednesday, reaching $6.66 per share, as the cryptocurrency market rallied on the bullish outlook under President-elect Donald Trump's pro-crypto policies.

The spike in Cipher Mining's share price was fueled by Bitcoin's record-breaking rally, with the world's largest cryptocurrency briefly topping $75,000 in early trading, surpassing its previous all-time high set in March. The cryptocurrency's surge was driven by Trump's embracement of crypto earlier this year, vowing to make the U.S. the "crypto capital of the planet" and promising a series of measures to support the industry.

Investors are betting that regulations will ease under a potential Trump Administration, paving the way for further growth in the cryptocurrency sector. Other Bitcoin mining and crypto-related stocks also soared on Wednesday, with CleanSpark, Core Scientific, Hut 8, Iris Energy, Marathon Digital, Riot Platforms, and TeraWulf all posting significant gains.

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(CIFR) stock surged 25.75% on Wednesday, reaching $6.66 per share, as the cryptocurrency market rallied on the bullish outlook under President-elect Donald Trump's pro-crypto ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CIFR","symbol_name":"Cipher Mining Inc.","start_time":0,"source_url":"","article_id":"1197541419","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197541419","pubTimestamp":1730913504,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Cipher Mining Inc.  stock surged 25.75% on Wednesday, reaching $6.66 per share, as the cryptocurrency market rallied on the bullish outlook under President-elect Donald Trump's pro-crypto policies.The spike in Cipher Mining's share price was fueled by Bitcoin's record-breaking rally, with the world's largest cryptocurrency briefly topping $75,000 in early trading, surpassing its previous all-time high set in March. 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