Bitcoin Rallies Above $123,000 With Strong Weekly Performance
Bitcoin remains above $123,000, marking a 10% increase in the past week, according to CoinDesk.
Crypto stocks with AI and HPC exposure are outperforming those without.
Cipher Mining (CIFR) rose 5% to $15.40, BitDigital (BTBT) gained 3% to $3.61, IREN (IREN) increased 5% to $53, and CleanSpark (CLSK) is up over 3% to $16.46.
BTC treasury companies underperformed; Metaplanet dropped 5% to 591 yen, while Strategy (MSTR) rose only 2% pre-market to $359.
Year-to-date performance of crypto-linked stocks varies significantly: Iris Energy (IREN) surged 382%, Cipher Mining (CIFR) 205%, Metaplanet 74%, MicroStrategy (MSTR) 17%, and Bit Digital (BTBT) 12%.
The performance disparity highlights investor preference for certain Bitcoin-exposed firms, indicating a sector divergence.
