{"id":31217,"date":"2024-10-20T16:00:29","date_gmt":"2024-10-20T13:00:29","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=31217"},"modified":"2024-10-20T14:23:47","modified_gmt":"2024-10-20T11:23:47","slug":"mining-companies-soared-as-bitcoin-soared","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/","title":{"rendered":"Mining Companies Soared as Bitcoin Soared"},"content":{"rendered":"

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>\n

\"bitcoin\"<\/p>\n

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’s stock increased by almost 8%, while corporate bitcoin holder MicroStrategy’s stock rose by more than 11%.<\/p>\n

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&P 500 and Nasdaq, which each rose less than 1% over the past five trading sessions.<\/p>\n

Might interest you: What is BabyDoge?<\/a><\/em><\/p>\n

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’s rebound to $68,000 triggered nearly $300 million in liquidations in a single day.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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>\n","protected":false},"author":6,"featured_media":31165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[61,307,6664,5101,9051],"class_list":["post-31217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin","tag-bitcoin-mining","tag-bitcoin-rise","tag-btc-mining","tag-btc-rise"],"yoast_head":"\nMining Companies Soared as Bitcoin Soared - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mining Companies Soared as Bitcoin Soared - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"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\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-20T13:00:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-20T11:23:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/bitcoin-1-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/\",\"name\":\"Mining Companies Soared as Bitcoin Soared - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/bitcoin-1.png\",\"datePublished\":\"2024-10-20T13:00:29+00:00\",\"dateModified\":\"2024-10-20T11:23:47+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/bitcoin-1.png\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/bitcoin-1.png\",\"width\":2560,\"height\":1440},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mining Companies Soared as Bitcoin Soared\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Mining Companies Soared as Bitcoin Soared - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/","og_locale":"en_US","og_type":"article","og_title":"Mining Companies Soared as Bitcoin Soared - Coin Engineer","og_description":"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","og_url":"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/","og_site_name":"Coin Engineer","article_published_time":"2024-10-20T13:00:29+00:00","article_modified_time":"2024-10-20T11:23:47+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/bitcoin-1-1024x576.png","type":"image\/png"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/","url":"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/","name":"Mining Companies Soared as Bitcoin Soared - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/bitcoin-1.png","datePublished":"2024-10-20T13:00:29+00:00","dateModified":"2024-10-20T11:23:47+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/bitcoin-1.png","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/bitcoin-1.png","width":2560,"height":1440},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/mining-companies-soared-as-bitcoin-soared\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Mining Companies Soared as Bitcoin Soared"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/31217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=31217"}],"version-history":[{"count":3,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/31217\/revisions"}],"predecessor-version":[{"id":31221,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/31217\/revisions\/31221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/31165"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=31217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=31217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=31217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}