TLDR
- Bitcoin surged past $126,000 on Monday, triggering double-digit gains across mining stocks
- Argo Blockchain jumped 96% while HIVE Digital Technologies climbed 25% in US trading
- Riot Platforms and MARA Holdings gained 10.9% and 9.3% respectively during the session
- Spot Bitcoin ETFs attracted $3.2 billion in weekly inflows, the second-highest on record
- Total crypto market cap hit $4.29 trillion, up 23% year-to-date
Bitcoin mining stocks soared on Monday as the cryptocurrency set a fresh all-time high above $126,000. The rally triggered widespread gains across the sector, with several companies posting increases exceeding 20%.
Argo Blockchain recorded the largest gain among global miners. The London-traded stock jumped 96% to 5.3 British pence during Monday’s session.
US mining companies delivered strong performances across the board. HIVE Digital Technologies closed up more than 25% and added another 11% in extended trading to reach $6.18 per share.
Bitfarms rose 15% to $3.46 while IREN gained a similar percentage to close at $57.75. Both stocks continued climbing after the closing bell.
Major Miners Join the Rally
Riot Platforms advanced 10.9% to end trading at $21.56. MARA Holdings posted a 9.3% gain, closing at $20.57 for the day.
The rally comes as mining firms have expanded their bitcoin holdings and operational capacity. MARA now holds more than 52,000 BTC in its corporate treasury while CleanSpark maintains over 13,000 BTC.
HIVE recently reported record monthly production numbers. The company has scaled up its hashrate capacity alongside other major miners in the space.
Bitcoin treasury companies showed mixed results during Monday’s trading. DDC Enterprise led the group with a 22% gain while Strategy closed up 2.3%.
However, some treasury firms declined. GD Culture Group fell 4.2% and Strive dropped 2.7%. Kindly MD posted the steepest loss, down 8.8% to $1.03.
Strong ETF Demand Fuels Price Action
Bitcoin briefly touched $126,200 during Monday’s session according to market data. The cryptocurrency has since stabilized around the $125,000 level.
US spot Bitcoin ETFs recorded their second-highest weekly inflows since launching in early 2024. The products attracted $3.2 billion in net inflows over the past week.
Options market activity increased as bitcoin rallied. Traders added positions in call options with strike prices targeting $140,000, indicating expectations for further upside.
The broader cryptocurrency market reached new heights over the weekend. Total market capitalization hit $4.29 trillion, representing a 23% increase since the start of 2025.
Ethereum participated in the rally as well. The second-largest cryptocurrency traded at $4,675, sitting roughly 5.3% below its all-time high above $4,900 reached in late August.
Bitcoin generated $68.2 billion in trading volume over a 24-hour period. The cryptocurrency was trading around $125,239 at recent check, up 1.8% from the previous day.
