Bitcoin Mining Stocks Soar Following Strong US Jobs Data
Bitcoin mining stocks surge after strong US jobs data. BTC treasury plans expand in Asia while two 14-year-old wallets move $2.18B in BTC. Stocks of Bitcoin (BTC) mining firms rose this week after the release of the latest US job data. Markets were taken by surprise when the June nonfarm payroll came in with figures
Bradley Nelson4 min read
Bitcoin mining stocks surge after strong US jobs data. BTC treasury plans expand in Asia while two 14-year-old wallets move $2.18B in BTC.
Stocks of Bitcoin (BTC) mining firms rose this week after the release of the latest US job data. Markets were taken by surprise when the June nonfarm payroll came in with figures showing the creation of 147,000 jobs and an unemployment rate of 4.1 percent.
This was interpreted as a note of a healthy economy by investors, leading to optimism that the US is likely to escape a strong economic slowdown. The job report made primary stock indexes such as the S&P 500 and the Nasdaq near new all-time highs.
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