According to price data from The Block, the leading cryptocurrency touched $126,200, edging past Sunday's peak of $125,250. The price move came as the number of unpositioned squaring contracts on the options market with a strike price of $140,000 surged, according to Bloomberg.
The rally sent bitcoin mining stocks higher across the board. According to The Block's price page, Hive Digital shares jumped 23%, followed by Bitfarms up 14%, Riot Platforms up 10%, and MARA and CleanSpark both up about 7%.
Behind this market is the double impetus of bitcoin's bullish momentum and the improvement of the fundamentals of the mining sector. In recent months, companies such as Hive, Marathon, and CleanSpark have not only increased their computing power, but also expanded their bitcoin holdings.
Bitcoin mining stocks rose across the board, with Hive Digital up 23%.
2025-10-06 20:58:06
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