Bitcoin Miners Lead Wall Street's Crypto Sell-Off: Why Are They Falling Hardest?
Bitcoin sank to about $68,000 on Friday. That is its lowest price since August. US stocks tied to the coin went down with it. The companies that mine new Bitcoin took the worst hit. Hut 8 dropped 6%. Riot Platforms and MARA Holdings each lost 3.9%. Coinbase, the largest US crypto exchange, slipped just 0.5%. The post…
Read it in your languageMachine translation by Google of the publisher's page
Explained in this story
Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinCryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencyMore in Finance
From the blog
Finchb Telegram Wallet Rewards Players with USDC and SOL for Flying
Finchb has launched Solana Bird, a game inside its Telegram wallet where players earn real USDC and SOL by flying…
Elara Winter4 min read
Analyst Predicts Major XRP Price Surge and Explains the Catalyst
Crypto analyst Bitcoin Boy (@btcbox123) has shared a long-term XRP chart that draws a direct comparison between current price action…
Elara Winter2 min read
Analyst Warns XRP Investors Are Becoming Prime Targets
Cryptocurrency commentator Austin Hilton warns that XRP holders are facing a massive wave of scams and impersonation attacks on social…
Elara Winter3 min read