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    Crypto stocks see price rally as Bitcoin tops $66K

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    On October 14, US crypto-related companies recorded major gains as Bitcoin surged 6%, hitting $66,400 briefly. Bitcoin miner CleanSpark saw a 12.72% increase while crypto exchange Coinbase ascended by 11.3%. Bitcoin miner IREN gained 10.21% while rivals, TeraWulf and MARA Holdings, grew by 6.65% and 5.6% respectively. However, MicroStrategy experienced a 5.1% drop. The performance has led to expectation that “Uptober,” a term referring to Bitcoin’s strong October performance, may be in full swing.

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    On October 14, U.S. companies connected to crypto scored some major wins. This all went down when Bitcoin had a 6% surge, hitting $66,400 for a hot second; its highest mark since July 30!

    One of the top dogs of the day was Bitcoin miner, CleanSpark (CLSK), which saw a sweet 12.72% increase, ending the day at $10.81. But the fun didn’t stop there. The company continued its climb – a further 1.72% after the day was over, leaving it at $11.

    Crypto exchange, Coinbase (COIN) was also in the spotlight, shooting up by 11.3% and wrapping up the day at $196.35; the highest it’s been in seven weeks. Its good run didn’t stop at the end of the trading day, as it ascended another 1.71% to $199.70 in after-hours trading.

    Bitcoin miner IREN (previously known as Iris Energy) saw gains of 10.21%, while its rivals, TeraWulf (WULF) and MARA Holdings Inc (formerly Marathon Digital) also got in on the action, growing by 6.65% and 5.6%. Fun fact: Bitcoin’s price has increased nine times out of the last eleven Octobers. This consistent growth sparked the term “Uptober,” hinting at the possibility of strong gains in October.

    Despite all this good news, not everyone had their day in the sun. For example, MicroStrategy (MSTR) – the company with a huge stash of 252,220 Bitcoins valued at $16 billion, witnessed a 5.1% drop to $201.67, though it did recover a tiny bit (1.65%) to $205 after hours.

    Bitcoin’s recent spike, and the corresponding gains for crypto-linked companies, has some industry watchers wondering if “Uptober” and its associated growth has officially begun. Right now, Bitcoin is going for about $66,270, which is still 10.4% off its all-time high set on March 14.

    Source: Cointelegraph

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