Bitcoin Jumps 5%, and Crypto Mining Stocks Soared Today

Bitcoin (BTC) surged 5% today, reaching over $66,000, as renewed optimism returned to the crypto market. This upward movement had a direct impact on crypto mining stocks, which also saw a significant rally.

Why Did Bitcoin Surge?

The price spike is largely attributed to:

Institutional buying pressure after recent accumulation trends spotted in on-chain data.

A temporary cool-off in regulatory fears, giving traders more confidence.

Renewed bullish sentiment after BTC held strong above key support levels at $62,000.

Mining Stocks On Fire

Following BTC’s pump, several major mining companies' stocks soared:

Marathon Digital Holdings (MARA): Up over 9%

Riot Platforms (RIOT): Gained 7.5%

CleanSpark (CLSK): Jumped nearly 6%

These mining stocks are often closely correlated with Bitcoin’s performance, and their rally suggests investor confidence is returning to the broader crypto sector.

What Traders Are Watching Next

The $66K mark is a short-term resistance, but if BTC can close above this level consistently, analysts predict a push toward $68K–$70K in the coming days.

For mining stocks, continued momentum in Bitcoin price will likely translate into higher profits and stock gains.
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