Bitcoin mining stocks tumble after the cryptocurrency briefly touches $49,000
Publishing timestamp: 2024-01-11 16:21:11
Summary
Bitcoin miners fell as the price of cryptocurrency retreated following the approval of the first U.S. spot bitcoin exchange-traded funds. The two biggest mining stocks, Marathon Digital and Riot Platforms, lost value, while Iris Energy and CleanSpark also saw declines. Miner revenue has fallen as bitcoin transaction fees eased, and some investors may be positioning for the upcoming Bitcoin halving.
Sentiment: MIXED
Tickers: CLSK, MARA, BTC.CM=, RIOT, IREN,
Keywords: marathon digital holdings inc, business news, riot platforms inc, bitcoin, cleanspark inc, cryptocurrency, iris energy ltd, technology, bitcoin/usd coin metrics,