Publicly traded #Bitcoin mining stocks had a standout week, posting significant gains as the broader market rallied on strong US jobs numbers. Major players like Riot Platforms, Hive Digital, Hut 8, MARA Holdings, and Bitfarms surged 13–28% between June 30 and July 3, despite a mild pullback Thursday ahead of the U.S. Independence Day holiday.
📊 The gain was driven by a better-than-expected US nonfarm payrolls report, with 147,000 jobs added and unemployment falling to 4.1%
💡 This supports the Federal Reserve’s soft-landing narrative, keeping interest rates steady and boosting risk assets.
⚙ The VanEck Digital Transformation ETF, which tracks 24 digital asset companies (including Coinbase and mining firms), also rose ~3.2%
Bitcoin itself reached a session high around $110,541 before easing, reflecting a 2% weekly rise.
🧭 Market Takeaway
The strong jobs data and supportive macro conditions have created a favorable environment for crypto mining stocks. If the soft-landing holds, we may see continued strength in both $BTC and miner equities.