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Bitcoin miners outperform as crypto stocks rise on BTC’s surge beyond $122,000.

Bitcoin Miners Lead Gains as BTC Sets New High Near $123,000

Bitcoin surged to a record high near $123,000 during European trading hours on Monday, fueling a rally across crypto-focused stocks.

Although the price later eased below $122,000, bitcoin mining companies were the standout performers in early U.S. trading:

  • MARA Holdings (MARA) surged nearly 10% to around $20.95 shortly after markets opened.
  • CleanSpark (CLSK) gained approximately 7.5%, reaching $13.59.
  • Core Scientific (CORZ) and Riot Platforms (RIOT) rose by 4%-5%.

Other crypto-linked stocks also climbed:

  • Strategy (MSTR) and Galaxy Digital (GLXY) advanced about 3.75% each.
  • Coinbase (COIN) and Circle (CRCL) logged smaller increases under 2%.

Earlier in the day, bitcoin touched a peak of roughly $122,870 before slipping back to trade near $121,700 as U.S. markets opened.