CandleFocus

Bitcoin mining stocks attract Wall Street as BTC continues breaking all-time highs

Bitcoin is experiencing a post-election rally, breaking records and catching the attention of Wall Street. Pure-play Bitcoin miners, who had struggled throughout the year, are now seen as a compelling buying opportunity, with the potential for higher returns than BTC itself. Companies that remained focused on Bitcoin mining, such as Riot Platforms, Marathon Digital, and CleanSpark, have seen gains in their stock prices. Other diversified players like TeraWulf and Core Scientific have also experienced significant gains. With Trump back in office, miners anticipate more freedom and expansion opportunities. Analysts have made bullish predictions for Bitcoin, with some foreseeing prices hitting $100,000 by the end of this year. However, there are warnings of a potential correction on the horizon, as the Crypto Fear & Greed Index reaches "Extreme Greed" levels. The market is also still uncertain about how Trump will handle the cryptocurrency market.

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