With Bitcoin clearing $30,000, keep an eye on mining stocks, like Riot Platforms (RIOT). Remember, where Bitcoin goes, miners typically follow. Helping investors are getting bullish about the prospects of BlackRock and other major institutional names getting involved in digital assets.
“The slate of spot bitcoin ETF application announcements by larger institutions has definitely brought back bullishness into the crypto markets,” Vijay Ayyar, head of international markets at CoinDCX, India’s largest crypto exchange, told CNBC. All should be positive for digital currencies, and the miners.