Leading miners’ shares rose after Trump’s statement about supporting the industry
The politician promised to promote the remaining bitcoins to be mined in the US if re-elected as president
13.06.2024 - 12:40
146
1 min
0
What’s new? Share prices of the leading mining companies rose sharply after former US President Donald Trump held a meeting with their representatives and pledged to support the industry in case of re-election in 2024. Thus, securities of TeraWulf (WULF) and Hut 8 Mining (HUT) added 10,5% and 10,07% respectively over the day.
What else is known? Shares of Core Scientific (CORZ), Iris Energy (IREN), and Cipher Mining (CIFR) were also in the top 5 for daily gains with gains of 9,87%, 9,2% and 8,94%, respectively.
Major players such as CleanSpark (CLSK) and Riot Platforms (RIOT) added 8,15% and 6,5%, with market capitalization leader Marathon Digital (MARA) up just 2,4% for the day
In general, as a result of such rapid growth, the overall total capitalization of the bitcoin mining industry reached $26,4 billion. At the same time, the rate of the asset itself fell by 0,04% over the past day.
Trump during his meeting with miners said that all remaining bitcoins should be mined in the United States. According to him, mining is a defense against the potential issuance of the digital dollar and stimulates the energy industry.
Among those attending the meeting were Riot Platforms CEO and head of public policy Jason Les and Brian Morgenstern, CleanSpark chairman Matthew Schultz, and TeraWulf board member Amanda Fabiano.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$97 475
BTC
+3.47%
-
Ethereum
$3 356.68
ETH
+7.07%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.13
XRP
-0.72%
-
Dogecoin
$0.392871
DOGE
+0%
-
Cardano
$0.799457
ADA
-4.4%
-
Bitcoin Cash
$491.85
BCH
+9.03%
-
Polkadot
$5.94
DOT
-1.95%
-
Stellar XLM
$0.241517
XLM
-8.7%
-
Litecoin
$90.36
LTC
+3.36%