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Crypto Stock BitFufu Gains Nearly 60%, But Cipher Mining and Other Bitcoin-Related Names Fall

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Jerry Kronenberg wrote a column · Jun 21 16:13
Crypto stock $BitFuFu(FUFU.US)$ soared nearly 60% Friday despite no apparent news, rallying as several crypto firms saw big moves either up or down in their stock prices.
FUFU rose 59% to a $6.20 close even though the company made no official announcements during the session and the price of $Bitcoin(BTC.CC)$ fell 1.2% to $64,165 as of shortly after 5 p.m. ET.
Other crypto-related stocks to see big moves to the upside included:
-- $Bit Origin(BTOG.US)$, which gained 11.8% to $5.41
-- $Stronghold Digital Mining(SDIG.US)$, which added 8.8% to $4.58
Conversely, several crypto names recorded big pullbacks on Friday, including:
-- $Cipher Mining(CIFR.US)$, which shed 13% to $4.56
-- $TeraWulf(WULF.US)$, down 10.3% at $4.16
-- $CleanSpark(CLSK.US)$, off 9.8% at $17.29
-- $Riot Platforms(RIOT.US)$, -8.4% at $9.55
-- $Hive Blockchain(HIVE.US)$, which gave up 8.3% to $3.08
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