Bitcoin Rallies Above $71,000 Intraday, Sending BitFuFu, Bitdeer and Other Crypto-Miner Stocks Higher

Jerry Kronenberg wrote a column · Jun 4 15:15

$Bitcoin(BTC.CC)$ briefly rallied Tuesday to $71,000 Tuesday, sending several crypto-miner stocks rising as well after Australia and Thailand moved forward with spot-BTC exchange-traded funds.

BTC rose as high as $71,100 after Australia's first spot-bitcoin ETF went live on Tuesday, while Thai authorities approved a similar investment vehicle for their country as well.

The crypto later pulled back some, but still traded at $70,348.02 shortly after 4 p.m. ET, up 1.8% for the day.

Bitcoin's rise helped several crypto miners, including:

-- $BitFuFu(FUFU.US)$, which added 12.9% to $3.86

-- $Bitdeer Technologies(BTDR.US)$, up 12.8% to $7.15

-- $Iris Energy(IREN.US)$, +11.1% to $8.89

-- $Bit Digital(BTBT.US)$, which rallied 9.4% to $2.80

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