This week, driven by a favorable macroeconomic environment, expectations for a "soft landing" by the U.S. Federal Reserve have risen, and despite a pullback on Thursday, cryptocurrency mining stocks performed strongly overall.
Riot Platforms (RIOT), Hive Digital (HIVE), Hut8 (HUT8), Marathon Digital Holdings (MARA), and Bitfarms (BITF) saw their stock prices rise between 13% and 28% over the past four trading days, benefiting from the U.S. market closing early ahead of the Independence Day holiday.
During Thursday's trading session, investors reacted to better-than-expected U.S. non-farm payroll data, although some listed mining companies later saw their gains partially retraced.
Meanwhile, the VanEck Digital Transformation Exchange-Traded Fund (ETF) — which tracks an index of 24 listed digital asset companies, including Coinbase (COIN), Circle (CRCL), MicroStrategy (MSTR), and several mining companies — saw a maximum increase of 3.2% on Thursday.
The rise in Bitcoin mining stocks was in sync with the overall market, pushing the S&P 500 and Nasdaq Composite indices to record highs during the shortened trading day.
The U.S. Bureau of Labor Statistics reported that the U.S. economy added 147,000 jobs in June, with the unemployment rate dropping from 4.3% to 4.1%, both exceeding Wall Street expectations and serving as a significant catalyst for the current rally.
Although the labor force participation rate fell to its lowest level since 2022, economists believe this is primarily due to immigration crackdowns tightening labor supply.
While the strong employment data likely rules out an immediate interest rate cut this summer, 21Shares crypto research strategist Matt Mena stated, "The broader macro landscape still supports rate cuts."
Mena pointed out that the current macro environment is precisely the "period when digital assets tend to perform well," mentioning expectations for declining interest rates, improved risk appetite, and the regulatory clarity brought by the Market Structure Bill and the GENIUS Act.
Related: Bitstamp obtains license from the Monetary Authority of Singapore to operate in Singapore
Original article: “Bitcoin (BTC) mining stocks surge weekly, recording double-digit gains”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
