Trump-Endorsed American Bitcoin (BTC) Surges 14% Amid Mining Stock Rally
Shares of American Bitcoin jumped 14%, leading a rally in mining stocks, according to reports. The increase reflects a broader trend where mining stocks act as a high-beta play on Bitcoin, even as many operators explore diversifying revenue streams through artificial intelligence. The stock's performance may be connected to recent endorsements from political figures like Donald Trump, though the report does not confirm this.
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