Bitcoin Mining Stocks Rise 10% After Trump Promises To Back US Miners

CoinMarketCap06-14

Bitcoin (BTC) mining stocks soared double digits on Wednesday a day after United States presidential candidate Donald Trump promised to bolster mining operations in the country. Trump said he wants “...

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Trump said he","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4547":"WSB热门概念","IREN":"Iris Energy Ltd","BK4585":"ETF&股票定投概念","BTC":"ClearShares Piton Intermediate Fixed Income ETF","BK4116":"互联网服务与基础架构","CIFR":"Cipher Mining Inc.","BK4526":"热门中概股","CAN":"嘉楠科技","BK4588":"碎股","CORZ":"Core Scientific, Inc.","HUT":"Hut 8 Mining Corp","BK4023":"应用软件","BK4595":"比特币概念","MARA":"Marathon Digital Holdings Inc","CLSK":"CleanSpark, Inc.","RIOT":"Riot Platforms","WULF":"TeraWulf Inc.","BK4170":"电脑硬件、储存设备及电脑周边"},"translate_title":"川普承诺支持美国矿商后比特币矿业股上涨10%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WULF":1,"RIOT":1,"MARA":1,"IREN":1,"HUT":1,"CORZ":1,"CLSK":1,"CIFR":1,"CAN":1,"BTC":1},"content_text":"Bitcoin (BTC) mining stocks soared double digits on Wednesday a day after United States presidential candidate Donald Trump promised to bolster mining operations in the country.\nTrump said he wants “all the remaining Bitcoin to be MADE IN THE USA!!!” adding it would help the country be “ENERGY DOMINANT” in a June 12 post, which came shortly after a meeting he hosted with some of the industry’s top executives.\nTrump also reportedly told the industry executives that he promised to support the sector should he be elected as president in November.\nBitcoin mining stock traders seemingly liked Trump’s industry promises.\nTeraWulf (WULF) and Hut 8 Mining (HUT) were the biggest movers among the top 10 largest Bitcoin miners by market cap, increasing 10.5% and 10.07% respectively on June 12, according to Google Finance.\nCore Scientific (CORZ), Iris Energy (IREN) and Cipher Mining (CIFR) rounded out the top five with increases of 9.87%, 9.72% and 8.94%.\nIndustry heavyweights CleanSpark (CLSK) and Riot Platforms (RIOT) also rallied 8.15% and 6.5% but the largest Bitcoin miner by market cap, Marathon Digital (MARA), only increased 2.4% on the day.\nChina-based Bitcoin miner Canaan (CAN) was the only Bitcoin miner among the top 20 by market cap to record a fall in share price on June 12.\nThe strong day boosted the Bitcoin mining industry’s market cap to $26.4 billion, according to Companies Market Cap.\nThe mining stock price rallies came on a day where Bitcoin only managed to rise 1.4% to $68,365 over the last 24 hours.\nCleanSpark and TeraWulf have been two of the best performers in 2024, up 58.55% and 66.96% year-to-date.\nBut not all Bitcoin miners have managed to continue share price growth this year.\nMarathon Digital, is down 11.43% year-to-date, while Riot Platforms has tumbled nearly 31% in 2024.\nTrump and several industry executives discussed how Bitcoin mining could strengthen the electrical grid and create more jobs in a meeting held at his Mar-a-lago resort on June 11.\nAmong the attendees were Riot Platforms CEO Jason Les and the firm’s public policy head Brian Morgenstern, CleanSpark executive chairman Matthew Schultz and Amanda Fabiano, a board director at TeraWulf.\nAll of those industry executives reported positive experiences with Trump on the night.\nDisclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. 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