Stock Market Today: Bitfarms Rises on Strong Retail Momentum

Bitfarms (NASDAQ: BITF) stock price surged 16.5% Tuesday to close at $2.89. Volume reached nearly 154 million shares, compared with a three-month average of about 32.5 million, marking one of the heaviest trading days of the year for this cryptocurrency mining specialist. The stock briefly touched $2.91 intraday, setting a new 52-week high. Bitfarm’s stock has more than doubled in value over the past week.The broader market eased slightly. The S&P 500 (SNPINDEX: ^GSPC) slipped 0.1% to 6,606.76, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) edged lower by 0.07% to 22,333.96, both dropping from recent record highs.Peers in the crypto mining space also advanced. MARA Holdings (NASDAQ: MARA) gained 7.9% to $17.53, while Hut 8 Corp (NASDAQ: HUT) added 2.4% to $35.03. Bitfarms outperformed both, underscoring strong retail-driven demand.Unlike recent moves tied to earnings or regulatory filings, today's rally appears to have been fueled by retail sentiment and online trading communities, where Bitfarms has been a trending topic. The enthusiasm comes against a backdrop of strong Bitcoin (CRYPTO: BTC) prices, which typically drive interest in mining stocks. The surge highlights how retail momentum can amplify volatility in smaller-cap crypto-exposed names.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool