CleanSpark, Inc. (CLSK) experienced a significant surge of 5.23% in a 24-hour period, riding the wave of enthusiasm in the cryptocurrency sector as Bitcoin broke through the $99,000 mark. The stock's impressive performance comes amid a broader rally in Bitcoin-related shares, reflecting the positive sentiment in the crypto market.

Bitcoin's price reached $99,012, marking a 2.53% increase over 24 hours. This surge in the world's leading cryptocurrency has had a ripple effect on various crypto-related stocks. CleanSpark, known for its involvement in Bitcoin mining, was among the beneficiaries of this upward trend. Other companies in the sector also saw gains, with TeraWulf up 9%, Canaan up 7%, and companies like Strategy, Riot Platforms, Coinbase, and Marathon Digital Holdings (MARA) all posting increases between 3% and 4%.

The rally in crypto stocks comes as the Federal Reserve held interest rates steady, providing a stable economic backdrop for risk assets. Additionally, the increasing mainstream adoption of cryptocurrencies, evidenced by the U.S. banks' ability to offer crypto services without regulatory hurdles, may have contributed to the positive sentiment. As Bitcoin continues to gain traction and break new price levels, companies like CleanSpark that are closely tied to the cryptocurrency ecosystem are likely to see continued investor interest and potential for further growth.