Some portions of the crypto market came to life this week, led by Bitcoin(CRYPTO: BTC). The token with the largest market cap in the world was driven by a resurgence in risk-taking this week following a few weeks of uncertainty around geopolitics and the Federal Reserve’s next move. All of that led Bitcoin to jump 10.1% over the past seven days as of 2:40 p.m. ET Friday.
Bitcoin’s move led to some big moves among leveraged Bitcoin players. According to data provided by S&P Global Market Intelligence, Bitcoin holder MicroStrategy(NASDAQ: MSTR) was up as much as 33.6% this week before dropping slightly and trading 28.8% higher as of this writing. Miners Marathon Digital(NASDAQ: MARA) jumped 21.7% at its peak, Riot Platforms(NASDAQ: RIOT) was up 21.7%, and Hut 8(NASDAQ: HUT) was up 19.5%. They are currently up 28.8%, 9.3%, and 13.9% for the week.
Bitcoin’s big move
The value of Bitcoin had fallen over the last few weeks after the halving…
