Cryptocurrency stocks in the United States saw gains on Monday in tandem with a broader market recovery just days after Bitcoin was listed halving - with some double-digit percentage gains.
The country's five largest Bitcoin miners listed by market capitalization, Marathon Digital (MARA), CleanSpark (CLSK), Riot Platforms (RIOT), Cipher Mining (CIFR) and Hut 8 (HUT), all gained on the April 22 trading day and continued to gain in after-hours trading, according to Google Finance.
The biggest cryptocurrency-related gainer of the day was Stronghold Digital Mining (SDIG), with a 35.3% increase to $3.64, and a 4% increase to nearly $3.80 after hours.
Riot followed, up more than 23% to $11.24, and up 3.2% after the bell to $11.60.
Overall, U.S. cryptocurrency miners saw price gains on the day extending their gains from Friday, April 19.
The Valkyrie Bitcoin Miners ETF (WGMI) - which includes shares of mining companies and several chipmakers , including Nvidia (NVDA) - posted an 11% gain and a 3% increase after hours to $16.69.
The jump in cryptocurrency stock prices comes despite a halving of bitcoin mining rewards to 3.125 BTC per block after halving on Saturday , April 20, just after midnight UTC time - April 19 at 8:09 pm in New York.
This coincides with broader gains in the U.S. market, as the Nasdaq Composite and S&P 500 indexes rose 1.1% and 0.8%, respectively, a day after last week's string of losses - attributed to easing tensions in the Middle East and incoming earnings reports from major technology companies.
