Bitcoin Miners Lead Crypto Stock Rally as BTC Hits Record High Near $123,000

Bitcoin surged to a fresh all-time high near $123,000 during European trading hours on Monday, sparking significant gains across crypto-related equities.

Although BTC later edged back below $122,000, bitcoin mining stocks emerged as standout performers in early U.S. trading.

• MARA Holdings (MARA) jumped nearly 10% to around $20.95 within the first hour of the session.
• CleanSpark (CLSK) climbed about 7.5% to $13.59.
• Core Scientific (CORZ) and Riot Platforms (RIOT) posted solid gains of roughly 4%-5%.

Outside the mining sector, broader crypto equities also participated in the rally:

• Shares of Strategy (MSTR) and Galaxy Digital (GLXY) advanced around 3.75% each.
• Coinbase (COIN) and Circle (CRCL) saw more modest increases, each rising under 2%.

Earlier in the day, bitcoin reached a peak of approximately $122,870 during the European morning session before retreating to about $121,700 as U.S. markets opened.