A healthy rise in its core cryptocurrency and several positive new analyst notes were the key factors sending Cipher Mining (NASDAQ: CIFR) stock higher in recent days. The Bitcoin miner was up by more than 9% week to date as of Thursday evening, according to data compiled by S&P Global Market Intelligence.
After something of a slump in August, Bitcoin has generally been on the rise in the current month. The Federal Reserve’s rate cut on Wednesday was only the latest catalyst pushing the No. 1 cryptocurrency higher.
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