Hut8 stock price has maintained a tight range despite

Hut8 stock price has maintained a tight range despite high crypto market volatility. Cross-asset data suggests Hut8 tends to lag Bitcoin rallies by one trading day, offering short-term traders potential timing opportunities. Although not all of Hut 8 's (NASDAQ: HUT) revenue derives from Bitcoin mining, that activity is still crucial to its success. So it wasn't surprising that the coin's rise over the past few days was giving a lift to the company's equity too. As of late-session trading on Friday, Hut 8's share price was up by almost 18%, according to data compiled by S&P Global Market Intelligence . Hut 8 is a member of the Zacks Financial - Miscellaneous Services industry. One other stock in the same industry, LendingClub LC, finished the last trading session 1.5% higher at $12.45. LC has returned 17.3% over the past month. Momentum traders view this as a short-term breakout opportunity, with stop-loss levels near USD 9.55 to manage volatility risk.