Bitcoin Miner Stocks Rise at Double-Digit Rates on Positive Macro Data
Date: 2025-07-04 Author: Henry Casey Categories: BUSINESS
The leading publicly traded miners have shown steady growth this week, helped by better-than-expected US non-farm payrolls data. Trading on Thursday started with a confident rise, although some positions were corrected by the end of the day.
Over the past four trading sessions, shares of Riot Platforms, Hive Digital, Hut 8, Marathon Digital Holdings and Bitfarms have risen by 13-28%. The US stock market has also shown positive dynamics during this period, allowing the S&P 500 and Nasdaq Composite indices to update their historical highs, despite the shortened trading schedule due to the Independence Day celebration.
The VanEck Digital Transformation ETF, which tracks 24 of the largest publicly traded digital asset companies including Coinbase, Circle, and MicroStrategy, added another 3.2% on Thursday. Since the beginning of the year, DAPP has shown growth of more than 20%, which underscores investor confidence in the prospects of the sector.
Analysts attribute the rise in the price of miner shares to favorable macroeconomic conditions. According to the report of the US Bureau of Labor Statistics, the country's economy created 147 thousand new jobs in June, while the unemployment rate fell from 4.3% to 4.1%. This figure turned out to be better than expected, which gave market participants additional impetus for purchases.
However, experts note that the labor force participation rate continues to fall and has already reached its lowest levels since 2022. Many analysts explain this by a decrease in migration and strict government policies in this area, which limit the labor supply.
The Bitcoin rate also showed growth at this time, reaching an intraday maximum of $110,541 on Friday, after which there was a small correction. Over the past week, the price of the first cryptocurrency has grown by almost 2%.
21Shares crypto analyst Matt Men emphasized that with strong employment data, the likelihood of a quick rate cut by the Fed is decreasing, but the overall picture remains positive for the crypto market. According to him, the combination of a trend towards lower interest rates, improved investor sentiment and growing regulatory certainty thanks to new market bills and GENIUS create conditions in which digital assets traditionally show good results.
Thus, the confident growth of Bitcoin miner shares reflects the general recovery of investor interest in risky assets amid expectations of a softening of the Federal Reserve policy and the continued growth of the Bitcoin price.
