Stock Track | CleanSpark Surges 6.47% as Crypto Stocks Rally on Softer Inflation, Trump Optimism

Stock Track

Jan 15, 2025

CleanSpark, Inc. (CLSK), a technology company specializing in Bitcoin mining and energy solutions, saw its stock soar 6.47% in intraday trading on Wednesday. This surge was part of a broader rally in the cryptocurrency sector fueled by two key factors: softer US inflation data and optimism around the incoming Trump administration's potential crypto-friendly policies.

The softer core price index eased concerns about aggressive interest rate hikes by the Federal Reserve, providing a tailwind for risk assets like cryptocurrencies and crypto-related stocks. Bitcoin itself climbed more than 2.7% on the day, trading close to $99,000 after briefly crossing the $100,000 milestone last month.

Adding to the positive sentiment was the expectation that President-elect Donald Trump, set to be sworn in on January 20th, could unleash policies favorable to the crypto industry. Trump has pledged to make the US a global hub for cryptocurrencies, counterbalancing concerns over his potential inflationary tariff and immigration policies.

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(CLSK), a technology company specializing in Bitcoin mining and energy solutions, saw its stock soar 6.47% in intraday trading on Wednesday. This surge was part of a broader rally in the cryptocurrency sector fueled by two key factors: softer US inflation data and optimism around the incoming Trump administration's potential crypto-friendly policies.</p>\n\n<p>The softer core price index eased concerns about aggressive interest rate hikes by the Federal Reserve, providing a tailwind for risk assets like cryptocurrencies and crypto-related stocks. Bitcoin itself climbed more than 2.7% on the day, trading close to $99,000 after briefly crossing the $100,000 milestone last month.</p>\n\n<p>Adding to the positive sentiment was the expectation that President-elect Donald Trump, set to be sworn in on January 20th, could unleash policies favorable to the crypto industry. Trump has pledged to make the US a global hub for cryptocurrencies, counterbalancing concerns over his potential inflationary tariff and immigration policies.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLSK","symbol_name":"CleanSpark, Inc.","start_time":0,"source_url":"","article_id":"1149892908","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1149892908","pubTimestamp":1736951767,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"CleanSpark, Inc. , a technology company specializing in Bitcoin mining and energy solutions, saw its stock soar 6.47% in intraday trading on Wednesday. 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