📈 Mining stocks staged a mini bull run

On Friday, shares of companies involved in Bitcoin mining surged sharply: 

◾️Applied Digital (APLD): +22.18%, closed at $6.83.

◾️Bitdeer Technologies (BTDR): +10.63%, to $15.19.

◾️Hut 8 Corp (#Hut8 ): +10.9%, finished the day at $17.13.

These jumps occurred against the backdrop of Bitcoin's price rising to $103,742 and a decrease in market volatility.

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🧠 Opinion of Mr. Belferman:

When mining stocks soar so rapidly, it is either a precursor to a new bull run or the market has just decided to take a breather.

Applied Digital — +22% in a day? Perhaps they found a new way to mine Bitcoin by moonlight.

But let’s remember: the market loves surprises. Sometimes it gives profits, and other times — lessons.