Crypto stocks surge alongside Bitcoin price rally
Crypto stocks’ strong performance was largely attributed to growing bets that Donald Trump will win the presidential election.
Crypto stocks experienced a rally on July 15, alongside Bitcoin, in a market move attributed to former President Donald Trump’s increasing odds of winning the United States presidential election in November.
The price rallies primarily affected mining stocks such as Marathon Digital (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK), which gained 17%, 16%, and 16.2%, respectively.
Additionally, shares of Coinbase (COIN) rose by 11.4%, and MicroStrategy (MSTR), the company of Bitcoin (BTC) maximalist Michael Saylor, soared by 16.7% at the time of this writing.
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Author: Vince Quill
