Mon Jan 06 12:30:00 UTC 2025: ## Bitcoin Miner TeraWulf Soars on Trump’s Crypto Embrace, Leading Friday’s Market Rally
**NEW YORK** – Wall Street experienced a significant rally on Friday, with the Dow Jones Industrial Average up 0.80%, the S&P 500 up 1.26%, and the Nasdaq Composite surging 1.77%. Eleven companies, primarily in the technology, energy, and aviation sectors, led the charge. Among them, Bitcoin mining company TeraWulf Inc. (NASDAQ:WULF) saw its stock price jump 13.92%, closing at $6.22.
This surge is attributed to anticipation surrounding the incoming Trump administration’s reportedly pro-cryptocurrency stance. Statements from Eric Trump suggesting a favorable policy towards cryptocurrency have boosted investor confidence in Bitcoin mining stocks, including TeraWulf. While TeraWulf ranked 10th among the top performers on Friday, the article suggests that AI stocks offer potentially higher and faster returns. The article concludes by recommending readers explore a report detailing the cheapest AI stock currently available.
First Piper 