Shares of Bitcoin mining companies soar as BTC price approaches 100,000 USD

Shares of Bitcoin mining companies have seen strong growth recently as the price of Bitcoin (BTC) nears the 100,000 USD mark. This increase is primarily driven by expectations of cryptocurrency-friendly policies from the U.S. government under the incoming President Donald Trump. Shares of Bitcoin mining firms, such as MARA Holdings, have recorded an increase of nearly 6.85% while the price of Bitcoin challenges the historic threshold of 100,000 USD.

Currently, Bitcoin is facing selling pressure from investors taking profits; however, experts believe this is merely a temporary adjustment before the price continues to rise above 100,000 USD. Forecasts from some analysis firms suggest that BTC could reach 147,000 USD in the near future, indicating a solid upward trend. This makes shares of Bitcoin mining companies more attractive to investors as Bitcoin may soon establish new highs.

Market optimism is also fueled by Bitcoin's strong growth this year, nearly doubling in value in a short period. Meanwhile, supportive policies from the U.S. government towards the cryptocurrency sector provide additional momentum for the growth of Bitcoin mining stocks.