Bitcoin's recent rally, buoyed by significant ETF inflows, has led to a modest increase in its value, trading at $71,700, close to its March peak.
Spot ETF inflows, totaling $417 million with major contributions from BlackRock's iShares Bitcoin Trust, contributed significantly to Bitcoin's rise, pushing it near all-time highs.
Crypto-related stocks have generally seen recent gains, but today, the reaction to Bitcoin's surge has been muted with only slight increases in major stocks like MicroStrategy and Coinbase.
Notably, Bitfarms outperformed other miners with a 5.3% advance, possibly influenced by its new board nomination amid a hostile takeover bid from Riot Platforms.
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