Bitcoin mining companies, including Marathon Digital, Riot Platforms, CleanSpark, and Mawson Infrastructure, saw their stock prices increase by over 15% as Bitcoin surged to $35,000. The rally was prompted by optimism surrounding the potential approval of a BlackRock ETF, which would result in significant flows to buy an increasingly limited supply of Bitcoin. Experts suggest that if Bitcoin surpasses $40,000, it could be considered a major asset class, similar to gold. However, any negative news regarding the ETF’s approval timeline could quickly reverse the price gains.
AI Sentiment: Positive