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The source article:
Bitcoin mining stocks rocket 24% on macro climate, AI play: Analyst
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Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said.
https://cointelegraph.com/news/bitcoin-miners-soar-24-percent-macro-conditions-ease
Bitcoin miners' share prices soared as high as 24.4% on Oct. 28, driven by an increasingly favorable macroeconomic climate and miners' continued diversification into AI. Analysts point to deficit spending, lower interest rates, and investors' fear of high inflation as factors driving the rally. Several Bitcoin miners, including Bitdeer Technologies and IREN, saw significant gains on the day.