Bitcoin Miners, Quantum Computing Lead Rally: A Look at Wednesday’s Top 10 Gainers

5. Terawulf Inc. (NASDAQ:WULF)

Terawulf (NASDAQ:WULF)’s share prices increased by 10.95 percent on Wednesday to finish at $6.18 each, as traders took heart from positive developments in the cryptocurrency industry, particularly on a potential end to regulatory crackdowns with the appointment of pro-cryptocurrency and former SEC official Paul Atkins to lead the commission.

Terawulf (NASDAQ:WULF)’s prices rallied alongside its peers and higher Bitcoin prices, which as of Wednesday was on its way to retesting its $100,000 resistance level.

As soon as the Trump administration assumes office over the next few days, investors will be looking out for further cues on President Donald Trump’s cryptocurrency regulations, particularly clearer guidance and rules on when the agency deems a cryptocurrency to be a security, as well as reviewing pending crypto enforcement cases in the courts.