tl;dr
Bitcoin mining stocks have bounced back after the approval of U.S. spot bitcoin exchange-traded funds, with Bernstein recommending Riot Platforms and CleanSpark ahead of the next bitcoin halving event. Bitcoin broke out of a consolidation zone earlier this week, with the price climbing to over $47...
Bitcoin mining stocks have bounced back after the approval of U.S. spot bitcoin exchange-traded funds, with Bernstein recommending Riot Platforms and CleanSpark ahead of the next bitcoin halving event.
Bitcoin broke out of a consolidation zone earlier this week, with the price climbing to over $47K on Friday. Analyst Gautam Chhugani expects sustained momentum ahead of the halving event in April 2024, prompting a recommendation to enter Riot and CleanSpark.
More about Riot Blockchain Inc
Riot Blockchain Inc is a company focused on cryptocurrency mining operations in North America, with its headquarters in Castle Rock, Colorado. The company operates within the life sciences sector, specifically in the in vitro & in vivo diagnostic substances industry. As of the latest financial data, Riot Blockchain Inc has reported a net income of -2.08, with a revenue of 262013000. The stock performance shows a price change of 1.582, with a 18.71% relative strength index (RSI) and a 2.333 Bollinger Bands indicator. Market sentiment appears to be slightly bearish, with a -1.102% change in stock price and a bullish trend of 0.121. However, it's important to note the potential risks and uncertainties associated with cryptocurrency market volatility and regulatory changes.
More about CleanSpark Inc
CleanSpark Inc is a company that provides energy software and control technology solutions worldwide. The company is headquartered in Woods Cross, Utah. In terms of financial data, the company has a market capitalization of $2012856000 and a stock price of $11.87. The stock performance shows a change of -1.29 and 1.64, with a relative strength index (RSI) of -0.811. The market sentiment is neutral with a potential breakout at 1.007.
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