Bitdeer (BTDR) Jumps 7.6% as Investors Optimistic on Passage of Digital Coins Bills

We recently published 10 Stocks Exploding Higher: Bitcoin Miners Dominate the List. Bitdeer Technologies Group (NASDAQ:BTDR) is one of Wednesday's top performers.

Bitdeer Technologies jumped by 7.57 percent on Wednesday to close at $13.50 apiece as investors remained optimistic about the passage of three legislations aimed at regulating the framework of cryptocurrencies and digital assets in the US.

A so-called “Crypto Week” will supposedly secure lawmakers’ green light this week for three legislations, namely the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act.

The Genius Act, for its part, needed the approval of House lawmakers before it could be sent to President Donald Trump to officially pass the measure into law.

However, a snag cast doubt on the fate of the measures, which led to the failed approval of the bills. While Trump promised the passage on Tuesday morning, no measure succeeded during the day.

Investors, however, remained optimistic, evident with the rally in prices of Bitcoin and shares of mining firms, such as Bitdeer Technologies Group (NASDAQ:BTDR), thanks to the bold backing from Trump himself.

In other news, Bitdeer Technologies Group (NASDAQ:BTDR) is expected to release the results of its second quarter earnings performance in the second week of August 2025.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.