the record of the titles followed by JP Morgan
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Big news in the Bitcoin mining sector: the total market of securities listed in the USA and followed by JP Morgan recorded a record of 22.8 billion dollars in June. The best performance is by Core Scientific (CORZ), with its increase of 117%. Bitcoin mining: JP Morgan reveals that the securities market recorded $22.8 billion in June According to what reported, the total market of US-listed securities of Bitcoin mining companies followed by JP Morgan, reached a record of 22.8 billion dollars in June. This is a true record for the market capitalization of the 14 bitcoin miners’ stocks. The banking giant emphasized that investors appreciated the news of the agreement between Core Scientific and the artificial intelligence company CoreWeave. And indeed, it is precisely in the first part of the month that it seems that the stocks of Bitcoin mining companies have gained the most. Not only that, precisely in the first two weeks of June, it seems that the best performance was recorded by Core Scientific (CORZ), with an increase of 117%. On the contrary, the worst was Argo Blockchain (ARBK) with a decrease of 7%. In the same period, however, the price of BTC has instead fallen by 3%, causing the stocks of Bitcoin mining companies to outperform Bitcoin itself. Bitcoin Mining: JP Morgan and the June record for the market of listed securities in the USA The 22.8 billion dollars recorded by the Bitcoin mining stocks listed in the USA and followed by JP Morgan, is a figure of historical maximum. Not only that, these publicly traded miners in the United States have increased their share of the network hashrate and, together, the 14 companies “now represent about 23.8% of the global network hashrate“, with a gain of almost 1% compared to the previous month. In…
Filed under: News - @ June 18, 2024 12:34 pm