Crypto Stocks Decline as Bitcoin Retreats to $42,000
Cryptocurrency-related stocks tumbled sharply at the Monday open, echoing Bitcoin's retreat below $42,000.
BTC$60,917.00-2.82%
ETH$1,621.93-2.68%
USDT$0.9984-0.03%
USDC$0.9998+0.01%
XRP$1.07-2.68%
SOL$67.75-2.48%
TRX$0.3271-0.57%
FIGR_HELOC$1.03-0.64%
HYPE$63.06+2.65%
DOGE$0.0759-3.85%
USDS$0.99970.00%
RAIN$0.0159+1.22%
LEO$9.35-1.45%
ZEC$410.53-0.92%
XLM$0.1869-2.48%
BTC$60,917.00-2.82%
ETH$1,621.93-2.68%
USDT$0.9984-0.03%
USDC$0.9998+0.01%
XRP$1.07-2.68%
SOL$67.75-2.48%
TRX$0.3271-0.57%
FIGR_HELOC$1.03-0.64%
HYPE$63.06+2.65%
DOGE$0.0759-3.85%
USDS$0.99970.00%
RAIN$0.0159+1.22%
LEO$9.35-1.45%
ZEC$410.53-0.92%
XLM$0.1869-2.48%
Cryptocurrency stocks are rising, with stocks like COIN AND MSTR gaining in premarket trading. This surge comes as Bitcoin crossed the $72,000 mark.
Cryptocurrency-related stocks tumbled sharply at the Monday open, echoing Bitcoin's retreat below $42,000.
Shares of Marathon Digital soared 13.5% in Tuesday premarket after Bitcoin surged above $34,000 in an unexpected pump.
The largest publicly-listed bitcoin miner will exchange $417M of convertible notes for common stock.
Marathon Digital mined 21% less BTC in June due to declining Bitcoin transaction fees.
How are RIOT, MARA and HUT preparing for the expected market swing?
After producing a record 1,245 Bitcoin May, Marathon’s unrestricted BTC holdings now stand at 12,259.
Marathon Digital is working on a large-scale mining operation in Abu Dhabi in a joint venture with a local development firm.