Bitcoin Mining Stocks Lead Crypto Equity Gains After BTC Hits $122K

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Bitcoin mining stocks led the gains among crypto equities in early trading on Monday after BTC raced to a new a all-time high just shy of $123,000 (it’s since retreated a bit to just under $122,000).

MARA Holdings (MARA) traded almost 10% higher at around $20.95 in the first hour after markets opened, while CleanSpark (CLSK) climbed just under 7.5% to $13.59.

Fellow mining companies Core Scientific (CORZ) and Riot Platforms (RIOT) saw slightly more modest gains of 4%-5% in early trading.

Away from the mining sector, other prominent crypto stocks such as Strategy (MSTR) and Galaxy Digital (GLXY) were both about 3.75% higher, while Coinbase (COIN) and Circle (CRCL) gains were under 2%.

Bitcoin had ascended to an all-time high of around $122,870 during the European morning, before dropping back to trade at about $121,700 as the markets opened in the U.S.

Read More: Michael Saylor’s Strategy Adds 4,225 Bitcoin, Bringing BTC Stack to 601,550