- Bitcoin reached a new all-time high of over $126,000 per coin on Monday.
- Stocks of publicly traded Bitcoin mining companies saw even sharper gains.
- Investor demand spiked for alternative assets and stocks amid concerns about global currency devaluation.
- Mining firms like HIVE Digital, MARA, CleanSpark, and Riot Platforms posted double-digit percentage increases in share prices.
- U.S. investors poured record amounts into Bitcoin ETFs, with over $5.95 billion in new inflows last week.
On Monday, Bitcoin’s price surpassed $126,000 for the first time, as investors reacted to worries about currency devaluation by turning to cryptocurrencies and related assets. Alongside Bitcoin’s rise, the share prices of leading Bitcoin mining companies climbed even more rapidly, outpacing the digital currency’s growth.
Publicly traded firms such as HIVE Digital, MARA, CleanSpark, and Riot Platforms each experienced sharp increases. HIVE Digital shares jumped by 25% to nearly $6, while IREN rose more than 14% to $57.75. MARA and CleanSpark both ended the day up over 9%, and Riot Platforms gained almost 11% to close at $21.56.
The enthusiasm among investors extends beyond Bitcoin itself. According to Lee Bratcher, President of the Texas Blockchain Council, “Miners are winning because they’re flexing optionality: power, infrastructure, AI revenue, and leveraged exposure to Bitcoin rallies, all packaged in stocks. That’s giving them an edge over crypto companies whose exposure is narrower or more operationally constrained.” Bratcher also noted that some miners are holding onto their mined Bitcoin rather than selling, making their financial position similar to that of crypto treasury firms.
Mining companies are also gaining appeal due to investments in computing power, which they use to increase profits. Last month, Google announced it was supporting a deal between AI compute firm Fluidstack and Bitcoin miner Cipher, giving Google the right to buy a 5.4% stake in Cipher.
Bitcoin recently remained up more than 2% over a 24-hour period, according to CoinGecko, after reaching its record high. It dipped slightly to $125,191, reflecting a 9.5% increase over the week. Meanwhile, U.S. cryptocurrency investment products such as Bitcoin exchange-traded funds (ETFs) saw over $5.95 billion in new investments, with $3.55 billion of that flowing directly into Bitcoin funds, according to a report from CoinShares.
The recent surge in Bitcoin and related assets has been linked to economic uncertainty, including the ongoing U.S. government shutdown and predictions of interest rate cuts by the Federal Reserve later this year. Experts call this pattern the “debasement trade,” where investors seek protection against weaker government currencies and global instability.
For further details on Bitcoin’s latest price, visit Bitcoin.
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