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	<title>btc rise Archives - Coin Engineer</title>
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		<title>Mining Companies Soared as Bitcoin Soared</title>
		<link>https://coinengineer.net/blog/mining-companies-soared-as-bitcoin-soared/</link>
					<comments>https://coinengineer.net/blog/mining-companies-soared-as-bitcoin-soared/#respond</comments>
		
		<dc:creator><![CDATA[Tanju Akbıyık]]></dc:creator>
		<pubDate>Sun, 20 Oct 2024 13:00:29 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[bitcoin]]></category>
		<category><![CDATA[bitcoin mining]]></category>
		<category><![CDATA[bitcoin rise]]></category>
		<category><![CDATA[btc mining]]></category>
		<category><![CDATA[btc rise]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=31217</guid>

					<description><![CDATA[<p>Bitcoin is nearing the $70,000 mark, marking its best weekly performance in over a month, with the cryptocurrency up around 9% this week, trading close to $68,800. This rise has boosted the performance of crypto-related stocks, including Coinbase, Hut 8, and others, which have seen notable gains. Bitcoin miners such as Hive Digital and Hut</p>
<p>The post <a href="https://coinengineer.net/blog/mining-companies-soared-as-bitcoin-soared/">Mining Companies Soared as Bitcoin Soared</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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										<content:encoded><![CDATA[<p><strong>Bitcoin</strong> is nearing the $70,000 mark, marking its best weekly performance in over a month, with the cryptocurrency up around 9% this week, trading close to $68,800. This rise has boosted the performance of crypto-related stocks, including Coinbase, Hut 8, and others, which have seen notable gains.</p>
<p><img fetchpriority="high" decoding="async" class="aligncenter wp-image-31218 size-full" src="https://coinengineer.net/blog/wp-content/uploads/2024/10/bitcoin-2.png" alt="bitcoin" width="1361" height="757" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/10/bitcoin-2.png 1361w, https://coinengineer.net/blog/wp-content/uploads/2024/10/bitcoin-2-300x167.png 300w, https://coinengineer.net/blog/wp-content/uploads/2024/10/bitcoin-2-1024x570.png 1024w, https://coinengineer.net/blog/wp-content/uploads/2024/10/bitcoin-2-768x427.png 768w" sizes="(max-width: 1361px) 100vw, 1361px" /></p>
<p><strong>Bitcoin</strong> miners such as Hive Digital and Hut 8 surged nearly 15% on Friday, while other miners like CleanSpark, Riot Platforms, and Bitfarms posted gains between 7% to 10%. Major crypto exchange Coinbase&#8217;s stock increased by almost 8%, while corporate bitcoin holder MicroStrategy&#8217;s stock rose by more than 11%.</p>
<p>Ethereum and Solana also saw significant gains, with Ethereum up 8.3% and Solana rising 7.2% over the same period. These gains in the cryptocurrency market outpaced the growth in traditional indices such as the S&amp;P 500 and Nasdaq, which each rose less than 1% over the past five trading sessions.</p>
<p><em>Might interest you: <a href="https://coinengineer.net/blog/what-is-babydoge/">What is BabyDoge?</a></em></p>
<p>Total liquidations across centralized exchanges reached $113 million in the past 24 hours, with $30 million in Bitcoin liquidations alone, driven by the strong price surge. Earlier in the week, Bitcoin&#8217;s rebound to $68,000 triggered nearly $300 million in liquidations in a single day.</p>
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<p>The post <a href="https://coinengineer.net/blog/mining-companies-soared-as-bitcoin-soared/">Mining Companies Soared as Bitcoin Soared</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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