Bitcoin Hits New All-Time High Above $126,000 as Miners Hold and U.S. Investors Pour In
Bitcoin has reached a new all-time high, surpassing $126,000 per coin on Monday. This milestone comes amidst a rally in cryptocurrencies and precious metals, driven by U.S. government factors and increased investor interest.
The surge in Bitcoin's price has led to a change in miners' behaviour. Some are now holding onto their mined Bitcoin instead of selling it, mirroring the strategy of crypto treasury firms. This shift is partly due to investors viewing miners as owners of scarce infrastructure, making them more valuable when crypto prices are high.
U.S. investors have shown strong support, pouring a record $3.55 billion into Bitcoin ETFs last week. Public mining companies like HIVE Digital, MARA, CleanSpark, and Riot Platforms have seen significant gains, with HIVE leading the pack at a 25% jump. CleanSpark, in particular, has emerged as a leading U.S. Bitcoin mining company, with over 12,700 BTC in reserves and expanding infrastructure across multiple states.
Bitcoin's new all-time high has sparked a rally in cryptocurrencies and precious metals, with investors increasingly viewing miners as valuable infrastructure owners. U.S. investors have shown strong support, driving record investments into Bitcoin ETFs and boosting the stock prices of mining companies. As Bitcoin continues to rise, the mining sector's significance in the crypto market is set to grow.
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