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Title: Bitcoin Surges to $66,000 ASDeFi Data Shows Users’ Daily Mining Profits Rise in Tandem

Manchester, England, United Kingdom, 23rd Jul 2026 - The trigger for this round of price gains did not originate within the crypto market itself, but rather from a reversal in the sell-off of Asian semiconductor stocks—which had dragged down cryptocurrency prices last week. On Tuesday, Asian and Pacific stock markets rose across the board, with major indices in South Korea and Taiwan both gaining about 4%, driving a rebound in market risk appetite. Bitcoin rose 1% that day, bringing its cumulative gain for the week to 5%, with trading volume reaching approximately $33 billion. Ethereum performed even more strongly, rising 3% in a single day and posting a cumulative gain of 8% over seven trading days, closing at $1,922.Meanwhile, U.S. Bitcoin spot ETFs have recorded net inflows for five consecutive trading days, with a cumulative total exceeding $600 million. This marks the strongest wave of institutional buying since late June, bringing an end to the previous eight-week trend of outflows. The market widely views this as a sign of renewed confidence among institutional investors.How Does a Market Rebound Impact Mining Profits?For cloud mining platforms like ASDeFi, which are based on real computing power, a rise in the price of Bitcoin directly affects the dollar value of users’ mining profits—even if the number of Bitcoins mined remains unchanged, a higher price means that the actual returns generated by the same amount of computing power increase accordingly. Platform data shows that profits have risen by approximately 5% compared to before the market rebound.Variables to Watch Going ForwardAlthough this round of the rally has gained strong momentum, market analysts also point out that spot trading volume remains relatively low, and the rally is driven more by a resurg...

This press release is issued by King Newswire