Crypto shares jumped on Thursday as Bitcoin rose above $110K while Ethereum rose above $2,600. Cipher Mining up 13%; Bit Digital up 10%; SharpLink Gaming, TeraWulf up over 7%; Hut 8 up 5%.
Bitcoin climbs to $110,279, a three-week high, as ETF inflows continue and macro worries ease, Saxo Bank notes. A US-Vietnam trade deal and softer ADP data boosted rate cut hopes, lifting risk appetite. Institutional demand stays strong with BlackRock’s bitcoin ETF and iShares’ new ethereum ETF seeing gains. Meanwhile, Ripple has applied for a US banking license as crypto firms push into mainstream finance.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.