Bitcoin May Be Down, but These Cryptocurrency Miner Stocks Are Soaring Today

The bitcoin rally has faded for now. According to CoinDesk, bitcoin hit an all-time high of $24,273 on Sunday, but it's pulled back about 6% as of this writing. But even though bitcoin is down today, stocks for bitcoin miners are up. Consider how these stocks ended the day:

The movement of these stocks could have a very simple explanation: Stocks don't trade on the weekends. By contrast, cryptocurrencies like bitcoin can be bought and sold 24 hours a day, seven days a week.

Image source: Getty Images.

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Source Fool.com