Stock Track | BitMine Immersion Technologies Inc. (BMNR) Soars 5.10% in Pre-Market as Bitcoin Tops $91,000
Stock Track
Nov 28
BitMine Immersion Technologies Inc. (BMNR) surged 5.10% in pre-market trading, mirroring a broader rally in crypto-related stocks. The movement coincided with Bitcoin's climb above $91,000 for the first time in nearly a week.
The advance in BMNR's stock price was fueled by renewed optimism in the digital asset space, driven by Bitcoin's recovery and easing market volatility. Traders are betting on a potential resumption of interest rate cuts by the Federal Reserve, which historically benefits risk assets like cryptocurrencies. Additionally, BlackRock’s US Bitcoin ETF saw fresh inflows, further boosting sentiment.
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