In a positive turn, U.S. Equity markets showed significant gains with the Nasdaq rising 2.06% and Bitcoin mining stocks bouncing back. Nine out of the top twelve publicly traded Bitcoin miners saw stock price increases, with Cipher Mining (CIFR) leading at a 9.01% gain.
Despite recent rebounds, Bitcoin miners’ year-to-date losses remain deep, influenced by trade war repercussions. CEO Jack Mallers emphasizes Bitcoin’s expected rise due to increased fiat currency circulation, as its limited supply makes it attractive in uncertain economic conditions.
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