Bitcoin mining stocks surged between 13% and 28% over the trading sessions preceding July 3, 2025, as the market reacted to a favorable US nonfarm payrolls report. Companies like Riot Platforms, Hive Digital, and Hut 8 led these gains.
The performance of crypto mining stocks reflects a broader market recovery, with the S&P 500 and Nasdaq reaching new highs. This positive trend in the stock market came after the US economy added 147,000 jobs in June.
Experts suggest that while immediate rate cuts by the Federal Reserve seem unlikely, the overall economic climate could still favor future decreases in rates, which might benefit digital assets significantly.
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