Stocks

On Monday, crypto-related stocks in the United States saw significant increases, reflecting a broader market rally just days after the Bitcoin halving. Despite the event, which reduced mining rewards to 3.125 BTC per block, some of these stocks recorded double-digit percentage gains. Double-digit Percentage Gains According to data from Google Finance, the country’s five largest publicly traded Bitcoin miners, including Marathon Digital (MARA), CleanSpark (CLSK), Riot Platforms (RIOT), Cipher Mining (CIFR), and Hut 8 (HUT), all witnessed substantial gains over…

Bitcoin miners are experiencing a significant drop in stock prices as the upcoming halving is slated for later this week. The fourth Bitcoin halving, around April 20, will slash mining rewards by half to 3.125 BTC, currently valued at approximately $200,000. Bitcoin Miner Stocks Decline The stock prices of Marathon Digital (MARA) and Riot Blockchain (RIOT), key players in Bitcoin mining, have experienced significant declines, dropping by approximately 53% and 54%, respectively, from their peak values earlier this year in February,…

The post Bitcoin Miner Stocks Plummet: Marathon, Riot, CleanSpark Take a Hit appeared first on Coinpedia Fintech News As the highly anticipated Bitcoin halving draws near, the mining sector faces a downturn, with stock prices plummeting despite top executives maintaining a bullish outlook.  Bitcoin Miners Face Market Turbulence The imminent Bitcoin halving event, set to slash mining rewards from 900 to a 450 daily tokens, has sent shaken the mining industry. High-profile companies like Marathon Digital Holdings Inc., Riot Platforms…

The post Top Crypto Stocks To Acquire After Bitcoin Halving in April appeared first on Coinpedia Fintech News Following a period of decline in 2022, the cryptocurrency market is showing signs of resurgence. Key factors contributing to this revival include the approval of Bitcoin ETFs by the SEC & the upcoming Bitcoin halving. These factors have made investors feel more hopeful and interested in the cryptocurrency market again. As the market evolves, it’s wise to consider investing in promising crypto…

Bitcoin and cryptocurrencies aren’t the only assets suffering right now. Companies built around or connected to the crypto market are also in deep water following the crash, including Coinbase and MicroStrategy. MicroStrategy is down 21.61% on the NASDAQ today, in line with Bitcoin’s 21.23% slump over the last 5 days. The software company is the largest corporate holder of Bitcoin, with 129,000 coins on its balance sheet as of April. This collapse alone puts MicroStrategy’s Bitcoin position down $1 billion.…

Recently collected data shows Moderna (MRNA), a pharmaceuticals firm, outperformed bitcoin by 243.87%. The data came from a year-to-date basis based on Finbold's Bitcoin ROI tool. It also showed the role of the firm in the wake of the COVID-19 pandemic. The rising popularity of Bitcoin has put it in a position of competition with traditional stocks. However, despite the surging value of this cryptocurrency in 2021, select stocks from the conventional sector have outperformed the asset. The Coronavirus pandemic increased…

Since Satoshi penned his blueprint on bitcoin's whitepaper in 2009, the correlation between stocks and crypto has evolved steadily. The same goes for the relationship between crypto and bonds, commodities, or equities. This weak affiliation to traditional asset classes has made Bitcoin lucrative for investors looking to diversify their portfolios.  However, bitcoin's correlation to stocks has risen steadily in recent months as the asset class sees increased adoption. More financial institutions and Wall Street giants embrace bitcoin, while companies such as…

As an investor, many benefits are enjoyed following the lead of successful experts from all over the globe. Trading platforms have made it easier with features like the best Trading tool to track top investor moves. Based on this understanding, social trading is an improved way of modern trading that offers instant and constant access to a vast pool of information.  Other users can share their trading strategies, and newbies can benefit from this since they can place trades without…