Bitcoin is nearing $37,000 and could push even higher. All in hopes a Bitcoin ETF could finally be approved. Even better, according to Barron’s, “With Bitcoin supply at historically tight levels, gains have the potential to be supercharged.”
In addition, “With the halving expected in April, and positive momentum around a spot ETF in the U.S., the coming months are shaping up to be exciting ones for Bitcoin investors,” added cryptocurrency market research group, Glassnode.
Not only is that a solid catalyst for Bitcoin traders, it’s also a big catalyst for mining stocks, such as Marathon Digital (MARA), which last traded at $9.23. Volume was up to 89.4 million, as compared to its daily average volume of 30.5 million just yesterday. Remember, the higher Bitcoin prices go, miners typically follow.