Benzinga – Several Bitcoin (CRYPTO: BTC) mining stocks including Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Platforms Inc (NASDAQ: RIOT) and CleanSpark Inc (NASDAQ: CLSK) are trading higher Thursday as bitcoin rebounds off recent lows. Here’s a look at what you need to know.
What Happened: Bitcoin is down approximately 3.3% over the last week, but it’s bouncing back Thursday morning, sparking a rebound in the broader crypto space and in crypto-related stocks.
Bitcoin has been stuck in a trading range near all-time highs since it rallied above $70,000 in March following the approval of several spot bitcoin ETFs. It’s been trending toward the lower end of the range in recent weeks. Attention has shifted to the potential approval of Ethereum (CRYPTO: ETH) ETFs.
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