US Stock Market Move | Cryptocurrency mining companies performed well, Bitdeer Technologies (BTDR.US) rose over 25%.

On Wednesday, cryptocurrency mining companies showed strong performance, with Bitdeer Technologies (BTDR.US) rising over 25%, Applied Digital (APLD.US) rising over 12%, Hut 8 (HUT.US) rising nearly 10%, and Bitfarms (BITF.US) rising over 5%. In terms of news, at a conference held in London this week, Nigel Farage, leader of the Reform Party of the UK, positioned himself as a "supporter" of digital assets and put forward a series of policy proposals. Specifically, these include: imposing a unified capital gains tax of 10% on cryptocurrencies; establishing a national Bitcoin reserve of around 5 billion using confiscated cryptocurrencies; halting the Bank of England's digital pound project; and allowing tax payments to be made in the form of cryptocurrencies (non-compulsory).