CleanSpark Inc. (NASDAQ:CLSK) shares are climbing Monday as Bitcoin (CRYPTO: BTC) pushes to a two-month high and a wave of positive momentum sweeps through crypto-linked and AI infrastructure names alike.
CleanSpark stock is charging ahead with explosive momentum. Why is CLSK stock up today?
Bitcoin Clears a Key Technical Level as ETF Flows Turn Positive
The session’s catalyst begins with digital assets. Bitcoin has crossed back above its 200-week moving average, a threshold near $63,300 that market participants treat as the boundary between a structurally bearish and structurally bullish regime and briefly touched $65,000 during early Asian hours despite a fresh round of U.S. military strikes against Iran, according to Bloomberg.
Spot Bitcoin ETFs pulled in $75.7 million in net inflows last week, building on $197.4 million the prior week and marking the first back-to-back positive weeks after eight straight weeks of withdrawals.
