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Bitcoin Mining Stock With 'Biggest Opportunity' In Crypto Space Grabs Eyeballs As Expert Recalls Tom Lee's Call: 'If We Are In For Another Leg Up In BTC, This Flies'
Tuesday, June 10, 2025 - 2:09pm | 1225The owner and operator of Bitcoin (CRYPTO: BTC) mining data centers, IREN Ltd. (NASDAQ:IREN), is on experts’ radar as they find value in the company, expecting the stock to soar over $100 apiece in the next 18 months. What Happened: According to Eric Jackson, the founder and president of EMJ...
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Gold Miners Poised For Boom As Analyst Predicts 'Record Levels Of Free Cash Flow' Despite Price Dip: 'Golden Age Of Mining'
Thursday, May 15, 2025 - 3:53am | 815Despite the falling gold prices after the stock market rebound, the gold mining companies are poised for growth as this expert highlights “record levels of free cash flow” for these companies over the next two years. What Happened: The Macro Strategist at Crescat Capital, Otavio Costa,...
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Gold Miners Slammed By US-China Trade Truce: Is It Time To Take Profit?
Wednesday, May 14, 2025 - 4:21pm | 687Gold miners’ stocks, 2025’s standout performers, faced a sharp reversal this week as investor appetite for safe havens cooled following the U.S.-China trade truce, raising fresh doubts about the sustainability of the sector’s explosive rally. The VanEck Gold Miners ETF (NYSE:GDX)—...
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Gold Breaks Records On China's Policy Stimulus: Mining, Metal Stocks Exhibit Strongest 1-Day Rally In 2024
Tuesday, September 24, 2024 - 11:25am | 689U.S. metals and mining stocks posted their strongest one-day rally of 2024 on Tuesday, driven by China’s unexpected and substantial monetary easing. The People’s Bank of China’s (PBoC) stimulus measures, including cuts to the reserve requirement ratio and repo rates, boosted...
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Rate-Cut Prospects Fuel Investor Risk Appetite, Gold Hits Record Highs, Harris Outperforms Trump: This Week In The Markets
Friday, September 13, 2024 - 4:45pm | 797The volatility that dominated markets in the early part of the month sharply reversed in the past week, driven by growing expectations of interest rate cuts that have bolstered investor risk appetite. The latest batch of inflation statistics for August have given the green light for the Federal...
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Stocks Edge Up As Producer Inflation Supports Rate Cut Bets, Small Caps, Miners Rally: What's Driving Markets Thursday?
Thursday, September 12, 2024 - 1:34pm | 843At midday on Thursday, Wall Street was showing slight gains, with small caps leading the charge. The Russell 2000 index surged 1.2%, outperforming large-cap indices in a notable rebound. The session kicked off with the release of the August Producer Price Index (PPI), which revealed mixed inflation...
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Gold Miners Eye Best 1-Day Rally In 6 Months As Gold Hits Fresh Record Highs: 'Today's Environment Closely Resembles The 1970s'
Thursday, September 12, 2024 - 12:22pm | 722Gold mining stocks, as tracked by the VanEck Gold Miners ETF (NYSE:GDX), are enjoying a stellar rally, rising 4.3% by 11 a.m. ET, on track for its largest one-day gain since early March. The rally in miners was driven by a surge in gold prices, which jumped 1.6% to reach an all-time high of over $2...
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What Happened With Bitcoin Miner Hut 8's Stock Today?
Monday, July 15, 2024 - 4:24pm | 621Hut 8 Corp. (NASDAQ:HUT) shares traded higher Monday as the price of Bitcoin (CRYPTO: BTC) climbed above $63,000. The Details: Bitcoin has rallied nearly 6% over the past 24 hours as investors interpret the increasing odds of a second term for former President Donald Trump as a positive...
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Silver Rockets To 11-Year Highs, Copper Hits Record Peak, Gold Approaches Historic Close: Mining Stocks' Wild Ride
Friday, May 17, 2024 - 3:49pm | 931Friday is shaping up to be one of the strongest days for metal commodities in recent years. Gold climbed over 1.7% toward a record-high close above $2,400 per ounce, silver surged more than 6% to its highest level since February 2013, and copper hit an all-time high. What Happened: In a week marked...
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Bitcoin Is Getting Less Difficult To Mine After Halving — But Is That A Good Or Bad Sign?
Friday, May 10, 2024 - 4:19am | 629Bitcoin (CRYPTO: BTC) miners may heave a sigh of relief as the network experienced its largest negative difficulty adjustment since November 2022. What Happened: The Bitcoin blockchain underwent its fourth negative difficulty adjustment for the year, according to CryptoQuant's Head of...
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April Showers On Wall Street: Miners, Utilities Emerge As Bright Spots In Gloomy Market
Tuesday, April 30, 2024 - 4:38pm | 1922As April comes to a close, it’s time to compile the rankings for the top-performing sector and industry exchange-traded funds of the month. Taking a broader look at the stock market, the S&P 500 Index, represented by the SPDR S&P 500 ETF Trust (NYSE:SPY), finished April on a downturn...
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Latest Bitcoin Halving Could Cost Miners Billions Of Dollars In Revenue: Report
Saturday, April 20, 2024 - 10:41am | 544On Friday, the Bitcoin (CRYPTO: BTC) network underwent its fourth halving since 2012, a pivotal event that halved the mining reward — the amount of Bitcoin awarded for validating transactions. This reduction from 900 to 450 Bitcoin per day is critical to prevent inflation and maintain Bitcoin...
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Will Bitcoin Peak To $36,000 Before The Week Close? Here's What Might Lead To It
Tuesday, November 7, 2023 - 6:22pm | 706Macro-economic factors have been constantly pushing Bitcoin (CRYPTO: BTC) prices higher as softer market data leads the Federal Reserve to maintain interest rates. This makes Bitcoin an attractive asset for macro investors and hedge funds. What Happened: As reported by Kitco, Mathieu Ziaei,...
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Why Are Precious Metals Miners Rallying? 5 Mining Stocks To Watch
Friday, June 9, 2023 - 9:07am | 530Shares of precious metals miners rallied on Thursday, with the VanEck Gold Miners ETF (NYSE:GDX) tracking the industry posting a 1.2% rise for the session and several mining stocks reporting solid gains. Thursday’s unexpected surge in unemployment claims, sparked fears about a weakening...
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New Research On Bitcoin's Vulnerability In Early Days And Satoshi Nakamoto's Potential Location
Tuesday, June 7, 2022 - 12:46pm | 460A new report released by Aiden Lab looks at the dawn of Bitcoin (CRYPTO: BTC) and reveals insightful new information. What Happened: This recent report maintains a firm emphasis on the privacy and notion of decentralization in the early days of Bitcoin. There are numerous...