Shares of crypto miners, which have the highest correlation to the bitcoin price, started November on a bullish tone, tracking gains in the price of the largest cryptocurrency. Bitcoin climbed above $64,000 on Nov. 2, after exiting October near $60,000 levels. Ether, the native token of Ethereum, also rallied to an all-time-high above $4,500.
Crypto Miners Rally as Bitcoin Mining Profits Remain ‘Near Highs’
