Why Crypto Mining Stocks Jumped Today
The share prices of crypto mining companies took a big bounce on Wednesday after President Biden released an executive order related to digital assets. This order could bring sweeping regulation to the crypto industry, but that's actually being viewed as a good thing for cryptocurrencies.
Some of the biggest movers Wednesday were crypto-related companies. At various points during the trading session, Canaan (NASDAQ: CAN) was up by as much as 13.2%, Hut 8 Mining (NASDAQ: HUT) was up by 13.8%, HIVE Blockchain Technologies (NASDAQ: HIVE) was up by 11.6%, Bit Digital (NASDAQ: BTBT) was up by 13.1%, and Riot Blockchain (NASDAQ: RIOT) popped by 13.8%. These stocks didn't hold their peak prices, but were all still up sharply as the market closed.
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Source Fool.com
