Why Bitcoin Mining Stocks Plunged on Wednesday

What happened 

Shares of crypto miners took a nosedive during trading on Wednesday as the price of Bitcoin (CRYPTO:BTC) plummeted. At 4:15 p.m. ET, Bitcoin was down 4.95% in the last 24 hours, but it’s down 6.2% since early this morning. 

The impact on miners was swift. Riot Blockchain (NASDAQ:RIOT) fell as much as 13.1% today, Marathon Digital (NASDAQ:MARA) dropped 14.4%, and Hut 8 Mining (NASDAQ:HUT) fell 12.8%. The stocks closed the day down…


Source link

About bitcoin

Check Also

Giant Bitcoin 'Taproot Wizard' NFT Minted in Collaboration With Luxor Mining Pool – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my …

Leave a Reply

Your email address will not be published. Required fields are marked *