Bitcoin set a fresh all-time high at $126,200, once again fueling investor interest in mining companies. Shares of Hive Digital, Bitfarms, and Riot Platforms rose by double digits, reflecting growing risk appetite and confidence in further BTC price growth.
Miners react to Bitcoin’s record
On Monday, Bitcoin updated its all-time high, rising above the previous peak of $125,250. The price surge triggered a rapid response in public miners’ stocks. Hive Digital gained 23%, Bitfarms — 14%, Riot Platforms — 10%, and Marathon Digital and CleanSpark rose by about 7%, according to The Block.
This surge is explained by a combination of technical and fundamental factors. Market sentiment remains positive, and the companies themselves are strengthening their positions — expanding hashrate and increasing BTC reserves. Marathon now owns more than 52,000 bitcoins, and CleanSpark — 13,000. Hive recorded a record monthly production, further boosting interest in the sector.
Acceleration of institutional demand
The rally was supported not only by retail investors but also by large funds. Bitcoin ETFs attracted $3.2 billion in a week — the second-best result since their launch in early 2024. At the same time, options with $140,000 targets saw an increase in open interest, indicating bets on the rally continuing through year-end.
Jean-David Pequeño, Chief Commercial Officer at Deribit (part of Coinbase), called the situation ‘a perfect storm of macroeconomic factors.’ According to him, record inflows into ETFs, declining exchange reserves, and geopolitical tensions have made Bitcoin a natural hedge against inflation.
‘Seasonal optimism and supply shortages are increasing buying pressure. Technical signals point to growth potential up to $128,000–130,000 by mid-October,’ he noted.
Crypto market hits new capitalization
Total cryptocurrency market capitalization exceeded $4.29 trillion — a new yearly high. Since the start of 2025, the sector has grown by 23%, and daily Bitcoin trading volume reached $68.2 billion. At the time of publication, BTC was at $125,239, up 1.8% for the day.
What’s next?
Investors continue to increase long positions despite overbought RSI signals. If ETF inflows persist and macro conditions remain favorable, the market could see new all-time highs as early as October.
For mining companies, this means a continued rally and increased margins — as long as Bitcoin stays above $120,000, the sector remains in a phase of rapid recovery.
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