Bitcoin soars 22%, but miners fall and shake the global crypto market

Since the beginning of the bull market, cryptocurrency-related stocks have generally followed Bitcoin’s recent progress. However, mining companies show a very different trajectory. Since August 17, the price has gained about 22%, while exchanges and companies have moved more in line with the market. This divergence draws attention to miners’ stock performances, while several players are also developing computing infrastructures for artificial intelligence.

In brief

Bitcoin miners remain sidelined

Since August 17, the price of bitcoin has risen by 22%. Exchanges and companies have moved in tandem with this increase. Bullish, Coinbase, and Robinhood are among the players mentioned in the Block report. For stablecoins, Circle and Figure, a company specializing in tokenized mortgages, complete this group.