What’s Going On With Bitcoin Mining Stocks Marathon Digital, CleanSpark, Coinbase, MicroStrategy, Riot Platforms On Monday?

What’s Happening With Bitcoin Mining Stocks Marathon Digital, CleanSpark, Coinbase, MicroStrategy, Riot Platforms On Monday

Bitcoin (CRYPTO: BTC/USD) stocks including Marathon Digital Holdings, Inc (NASDAQ:MARA), CleanSpark, Inc (NASDAQ:CLSK), Coinbase Global, Inc (NASDAQ:COIN), Riot Platforms, Inc (NASDAQ:RIOT), MicroStrategy Inc (NASDAQ:MSTR) are trading higher on Monday as Bitcoin surpassed $63,000 for the first time in 12 days as U.S. institutional investors continued to buy after weeks of selling.

Currently, Bitcoin bulls and bears are battling this level fiercely.

Also Read: After Coinbase and Stripe Deal, Fiat-to-Crypto Payment Players See Big Future

Bitcoin was in a downtrend for most of June, but prices stabilized in July amid positive flows in spot Bitcoin ETFs.

Earlier in July, crypto analyst Credible Crypto predicted that Bitcoin could surge by around 80% following the correction phase, suggesting that significant rallies could follow the correction and that the next major level would be targeting $100,000.

Investors can invest in Bitcoin through the iShares Bitcoin Trust (NASDAQ:IBIT) and the ProShares Bitcoin Strategy ETF (NYSE:BITO).

Price Action: MARA stock is trading up 7.08% at $22.24, CLSK is up 7.45% at $17.03, COIN is up 9.38% at $238.48, and MSTR is up 10.60% at $1,544.23 at last check on Monday.

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This article What’s Happening With Bitcoin Mining Stocks Marathon Digital, CleanSpark, Coinbase, MicroStrategy, Riot Platforms On Monday was first published on Benzinga.com

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