Bitcoin mining stocks surge amid expectations of a rate cut in December... CleanSpark and two other stocks rise by double digits.

Source: TokenPost Original Title: Bitcoin mining stocks surge on expectations of a rate cut in December… CleanSpark and two other stocks rise by double digits. Original Link: https://www.tokenpost.kr/news/cryptocurrency/309373

Bitcoin mining stocks soar on expectations of a rate cut in the U.S. in December.

As the possibility of a rate cut by the U.S. Federal Reserve in December surged, Bitcoin-related stocks showed a widespread increase. In particular, three U.S.-listed Bitcoin(BTC) mining companies led the bullish trend, attracting market attention.

According to the prediction market platform Polymarket(, the possibility of a rate cut in December has soared to 87%. This is the highest figure so far this month and reflects the significant expectations of investors for monetary easing. As a result, risk assets in general have gained momentum, and the cryptocurrency sector has also benefited.

The ones leading the rise on this day were Cleanspark), Riot Platforms(, and Cipher Mining), the three major players in Bitcoin mining. All three stocks not only rose on the trading day in question but also recorded double-digit gains over the last five trading days, showing a short-term rally.

The mining sector is sensitive not only to Bitcoin prices but also to interest rates and energy costs. Lower interest rates generally increase the yield relative to mining costs, so the expectation of this interest rate cut acts as a 'positive factor' for mining companies. Among investors, there is growing analysis that if the Federal Reserve shifts to a more accommodative monetary policy by the end of the year, there could be potential for a rebound in Bitcoin prices and mining stocks.

Experts believe that in the context of signs of a slowdown in the U.S. economy, the Federal Reserve may consider the risks of deflation and could bring out the interest rate cut card early. This is seen as potentially providing positive momentum for the overall cryptocurrency market.

Market Interpretation

As the possibility of a rate cut in December surged, Bitcoin mining stocks, which are sensitive to interest rates, rose in tandem, acting as a factor that could stimulate risk appetite across the cryptocurrency market.

Strategic Points

In the short term, a rebound centered on mining stocks may continue, and it is necessary to closely monitor the correlation with Bitcoin price movements, Federal Reserve statements, and economic indicators.

Terminology Clarification

Polymarket(Polymarket): A decentralized platform based on the U.S. prediction market that aggregates the outlook of market participants on political, financial, and economic events.

Mining Stocks: Stocks of companies that primarily focus on cryptocurrency mining, which show a close correlation with Bitcoin prices.