Bitcoin mining stocks experienced significant gains, surging between 13% and 28% over four trading sessions due to positive US jobs data. The shares of companies like Riot Platforms, Hive Digital, Hut 8, MARA Holdings, and Bitfarms opened higher after the US nonfarm payrolls report indicated the addition of 147,000 jobs in June and a reduction in the unemployment rate. Despite a slight pullback on Thursday, the overall market sentiment remained strong, supporting expectations of a favorable macroeconomic environment and potential rate cuts by the US Federal Reserve. The VanEck Digital Transformation ETF, which tracks digital asset firms, also rose over 3% amid this rally. The performance of Bitcoin mirrored these trends, briefly reaching a session high of $110,541 before pulling back, maintaining nearly a 2% increase over the past week. Analysts suggest that the positive macro backdrop is conducive for digital assets, highlighting improving risk sentiment and the potential for lower interest rates as key factors driving this market momentum.

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