{"id":42262,"date":"2023-11-05T03:20:53","date_gmt":"2023-11-05T03:20:53","guid":{"rendered":"https:\/\/innodebt.com\/markets\/crypto\/bitcoin-miners-record-10-stock-growth-as-assets-price-surge\/"},"modified":"2023-11-05T03:20:54","modified_gmt":"2023-11-05T03:20:54","slug":"bitcoin-miners-record-10-stock-growth-as-assets-price-surge","status":"publish","type":"post","link":"https:\/\/innodebt.com\/?p=42262","title":{"rendered":"Bitcoin Miners Record 10% Stock Growth As Asset\u2019s Price Surge"},"content":{"rendered":"<div>\n<figure id=\"attachment_126714\" aria-describedby=\"caption-attachment-126714\" style=\"width: 768px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-126714\" class=\"wp-caption-text\">Source: agnormark\/Adobe<\/figcaption><\/figure>\n<p>The price growth in the cryptocurrency market has resulted in big wins for several sectors including Bitcoin (BTC) miners, blockchain-based firms, and yield farmers.<\/p>\n<p>Bitcoin miners have recorded over 10% stock growth as the asset\u2019s price trades near $35,000, close to its 17-month high.\u00a0<\/p>\n<p>Marathon Digital Holdings (MARA) has posted a 10.54% uptick in its share price trading at $9.86. Similar positions can be seen in Riot Platforms (RIOT) and CleanSpark (CLSK) with increases of 10.68% and 12.08% respectively.<\/p>\n<p>This is not the first time mining-related stocks have notched higher since the price of bitcoin moved past $30,000 signaling a good few weeks for the market and miners who have spent long months in the woods.<\/p>\n<p>In previous months, digital asset miners have posited losses due to declining prices occasioned by a wider market downturn and huge industry collapses. While the price of bitcoin fell over 55% last year, market-tightening regulations on miners made the situation worse.<\/p>\n<p>To survive, miners had to think outside the box with some selling equipment and others selling their Bitcoin reserves while trying to stay afloat until the next bull market.<\/p>\n<p>This year has seen a new turn as miners have started racking up their BTC holdings with eyes set on the halving event which could potentially usher in another bull cycle.<\/p>\n<p>Marathon Digital has posted a 188% growth in its stock price this year with Riot Platforms and CleanSpark recording 231% and 128% in the same period.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">If you&#8217;re a crypto trader who believes that a crypto + equity bull market is around the corner, I&#8217;d implore you to focus on <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> mining stocks to generate the most alpha.<\/p>\n<p>YTD returns for miners vs. altcoins<\/p>\n<p>\ud83d\udfe0 <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/search?q=%24MARA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MARA<\/a> +188%<br \/>\ud83d\udfe2 <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/search?q=%24RIOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$RIOT<\/a> +231%<br \/>\ud83d\udd35 <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/search?q=%24CLSK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$CLSK<\/a> +128%<br \/>\ud83d\udd34 <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/search?q=%24TOTAL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TOTAL<\/a>.3 +27% <a rel=\"nofollow\" href=\"https:\/\/t.co\/5gFz9B4Ipj\">pic.twitter.com\/5gFz9B4Ipj<\/a><\/p>\n<p>\u2014 Caleb Franzen (@CalebFranzen) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/CalebFranzen\/status\/1720173562055553322?ref_src=twsrc%5Etfw\">November 2, 2023<\/a><\/p>\n<\/blockquote>\n<h2>Institutional products see growth\u00a0<\/h2>\n<p>\nThe effect of soaring prices can be seen around digital asset-based products across several regions. Last week, digital asset products recorded an 18-month inflow high of $326 million with Bitcoin making up 90% of inflows.<\/p>\n<p>Bitcoin products saw inflows of $296 million while short Bitcoin products also posted gains of $15 million after several weeks trading between $1 million- $2 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udca5 Digital asset investment products register record $326M in inflows, led by Bitcoin and Solana. <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw\">#CryptoNews<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SOL<\/a>https:\/\/t.co\/ANaqWd6VES<\/p>\n<p>\u2014 Cryptonews.com (@cryptonews) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/cryptonews\/status\/1719101873657958703?ref_src=twsrc%5Etfw\">October 30, 2023<\/a><\/p>\n<\/blockquote>\n<p>On the altcoin axis, Solana (SOL) became the biggest winner with $24 million maintaining its position as an institutional favorite while Ethereum (ETH) recorded outflows of $6 million.\n<\/p>\n<h2>Spot ETF on the horizon\u00a0<\/h2>\n<p>\nThe major reason for the rise in miner stocks and inflows into digital asset products is the rising prices of cryptocurrencies after several months in the red zone.<\/p>\n<p>According to experts at CoinShares, the optimism of a potential spot BTC ETF approval by the Securities and Exchange Commission (SEC) continues to drag huge investments in the sector as top firms have projected possible approval in 2024.\u00a0<\/p>\n<p>Monthly inflows are now over $400 million although the United States boasts of only 12% with the majority being recorded in Canada, Germany, and Switzerland with $134 million, $82 million, and $50 million respectively\u00a0<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/bitcoin-miners-record-10-stock-growth-as-assets-price-surge.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: agnormark\/Adobe The price growth in the cryptocurrency market has resulted in big wins for several sectors including Bitcoin (BTC) miners, blockchain-based firms, and yield farmers. Bitcoin miners have recorded over 10% stock growth as the asset\u2019s price trades near $35,000, close to its 17-month high.\u00a0 Marathon Digital Holdings (MARA) has posted a 10.54% uptick [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":42263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[35],"tags":[],"class_list":{"0":"post-42262","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Miners Record 10% Stock Growth As Asset\u2019s Price Surge | Innodebt<\/title>\n<meta name=\"description\" content=\"Source: agnormark\/Adobe The price growth in the cryptocurrency market has resulted in big wins for several sectors including Bitcoin (BTC) miners,\" \/>\n<meta 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