Crypto Stocks and Ethereum Surge Amidst FOMC Meeting Minutes.

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Source: CoinDesk
Crypto Stocks and Ethereum Surge Amidst FOMC Meeting Minutes.
Photo: CoinDesk
TL;DR Summary

Bitcoin miner stocks, including Marathon Digital and Hut 8 Mining, continue to surge with double-digit percentage gains as bitcoin rises above $30,500. The bullish outlook for bitcoin miners is supported by cooling inflation and jobs market, which could lead to the Federal Reserve pausing or reversing its interest rate hikes. However, these stocks remain sharply lower from year-ago levels due to higher energy prices and a bitcoin price that is still more than 50% below its all-time high.

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