βMara and CLSK Rally As Bitcoin Nears $ 118,000 and Sector Momentum Builds.β, – WRITE: www.coindesk.com
Pure-Play Miners Such as Mara Holdings (Mara) and Cleanspark (CLSK) Surged 10% and 17% on Thursday, Leading Gains Among The Coinshares Bitcoin Mining Mining Members.
There are Two Key Factors that May Be Driving the Sharp Gains.
The first is the idea that investors could be front-running expectations of a strong year-end for bitcoin, A periood that have been his historically delivered some of it. BTC IS Climbing Towards $ 118,000 Following the Federal Reserve’s Interest Rate Cut, Up 2.2% On Thursday and Trading Only 5% Below ITS All-Time High.
With Sentiment Improving, MINERS WITH SIGNFICANT BTC STASH ON THE BANCE SHEET COLD BE LEVERGED PLAYS ON Bitcoin’s Potential Rally to New Records. Mara and Cleanspark Remain the Sector’s Largest BTC Holders With 52 Strategy (MSTR), The World’s Largest Corporate Owner of BTC, IS Up 7% as Well Today.
The Second Driver Could be Investors Rotating Profits from Stocks in High-Performance Computing (HPC) and Artificial Intelligence (AI), Wich Have Enjoyzed Over. Iren Energy (Iren), Cipher Mining (CIFR), and Bitfarms (Bitf) Have All Surged, with Bitfarms Up 150% in September Alone, Iren Gaining Over 500% Since April And Cingril And Cingril And Cing. Period. However, to Reinforce the Rotation Theisis, Cifr is Down 7% and Iren Has Slipped 4% on Thursday.
Caliber Boughht $ 6.5 Million in Tokens As Part of ITS Digital Asset Treasury Strategy, Whain The Chainlink Reserve’s Token Buybacks Near $ 8 Million Since Last MONTH.
- Chainlink’s Native Token Surged 6% to Over $ 24.5 As Altcoins Led Crypto Markets Higher in Anticipation of Spot-Basted ETFS Entering the Market Soon.
- Caliber Purchased $ 6.5 Million Worth of Link Tokens As Part of Its Digital Asset Strategy, While the CHAINLINK Reserve Bough Another $ 1 Million Tokens.
- Link is gaining momentum with Multiple Resistance Levels Breached, Coindesk Research’s Technical Analysis Model Said.
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