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$64,700.00-2.25%
ETH$1,886.96-3.25%
USDT$0.9991-0.04%
USDC$0.99980.00%
XRP$1.11-3.89%
SOL$76.02-3.32%
TRX$0.3263-0.67%
FIGR_HELOC$1.00-0.39%
HYPE$58.60+1.14%
DOGE$0.0696-4.99%
USDS$0.9997-0.01%
RAIN$0.0141-2.23%
LEO$9.72+0.13%
ZEC$514.37+0.03%
WBT$56.47-2.34%
BTC$64,700.00-2.25%
ETH$1,886.96-3.25%
USDT$0.9991-0.04%
USDC$0.99980.00%
XRP$1.11-3.89%
SOL$76.02-3.32%
TRX$0.3263-0.67%
FIGR_HELOC$1.00-0.39%
HYPE$58.60+1.14%
DOGE$0.0696-4.99%
USDS$0.9997-0.01%
RAIN$0.0141-2.23%
LEO$9.72+0.13%
ZEC$514.37+0.03%
WBT$56.47-2.34%
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.