Bitcoin Mining Stock Downtrend Deepens: What’s Behind The Drop?
Bitcoin mining stocks have not fared the best in recent times. Although they were one of the winners of 2021, their fall from grace had been even more rapid than their climb there in the first place. While the digital asset itself was recording losses such as 20%, mining stocks had taken it a step […]
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Bitcoin mining stocks have drastically collapsed since November following the effect of the hashrate’s 23% growth and bitcoin’s downtrend on the miner’s rewards. Mining Stocks Sharp Decline Arcane Research data shows that the largest bitcoin mining stocks have collapsed since November after being caught up in the market’s volatility. The miner giant Marathon Digital Holdings’ (MARA) stock first plummeted on November 9th falling from over $81 to $79, followed by more dramatic drops and little upward movement. MARA is at $28,63 at the time of writing, a 66%....
The Bitcoin mining sector has been impacted by BTC’s price downside price action. This has forced BTC miners to reduce their inventories, which could lead to constant selling pressure on the crypto market and reduce their leverage positions. Related Reading | Iran to Shut Down Crypto Mining Farms As Energy Crisis Deepens Publicly traded BTC mining […]
Last week saw the third-biggest outflow from stock funds in history, and the dollar is the strongest it’s been since April. Here’s what’s going on.
Bitcoin’s mining difficulty has seen a massive drop this week, as the metric slid 12.6% and was the largest difficulty drop in 2021. The mining difficulty decline follows the recent electrical outages in China which had affected the network’s hashrate to some degree. Following the difficulty drop, Bitcoin’s hashrate is climbing northbound again nearing the 200 exahash per second zone. Bitcoin’s Mining Difficulty Drops 12% Allowing the Hashrate to Climb Higher On April 18, 2021, Bitcoin.com News and a number of crypto publications reported on Bitcoin’s (BTC)....
Bitcoin: you can't see it, you can't touch it, but you've still got to find some way to illustrate an article about it day after day, week after week. It's actually a trade secret in the bitcoin industry that there are only 10 types of bitcoin stock image in existence, with the illusion of variety being created by making slight variations of these template pictures and hoping desperately that none of the readers will notice. In this feature, CoinDesk explains the secret meaning behind the only bitcoin images you'll ever see. Be warned, the world may never look the same again. 1. The Miner.....