Crypto stocks recover from dip as polls say Harris won debate against Trump

September 12, 2024 Coin Telegraph

Crypto and Bitcoin mining-related stocks in the US bounced back from an early trading day dip after opinion polls showed voters rated Kamala Harris debate performance.

Crypto and Bitcoin mining-related stocks have bounced back following an early trading day dip in the wake of the debate between United States presidential candidates Donald Trump and Kamala Harris.

Publicly traded crypto and Bitcoin (BTC) mining firms saw their share prices plunge on Sept. 11, reacting to the debate the night before where opinion polls pinned Harris as outperforming the pro-crypto Trump.

The crypto-linked shares recovered from their lows, with most closing trading on only slightly down.

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Crypto-Related Stocks Slide Amid Global Market Turmoil

August 5, 2024 Bitcoin.com

bitcoin.com

U.S. equities have joined the global downturn, following sharp declines across Asia and Europe, with Japan’s Nikkei suffering significant losses. By 11:15 a.m. EDT on Monday, the five major U.S. stock indices had fallen between 2.5% and 4.5%. This market turmoil has extended to crypto-related stocks such as Microstrategy’s MSTR and Coinbase’s COIN. The primary […]

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US crypto stocks rally on first trading day after Bitcoin halving

April 23, 2024 Coin Telegraph

Bitcoin Halving

U.S. crypto mining stocks have gained in the first trading day after Bitcoin’s weekend halving, even though mining rewards are now 50% lower.

United States crypto-related stocks posted gains on Monday alongside a broader market upturn just days after the Bitcoin (BTC) halving — with some notching double-digit percentage gains.

The country’s five largest public-traded Bitcoin miners by market capitalization, Marathon Digital (MARA), CleanSpark (CLSK), Riot Platforms (RIOT) Cipher Mining (CIFR), and Hut 8 (HUT) all gained over the April 22 trading day and have continued to gain in after-hours trading, per Google Finance.

Stronghold Digital Mining (SDIG) was the day’s biggest crypto-related gainer with a 35.3% bump to $3.64, extending 4% after-hours to nearly $3.80.

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Short Sellers Target Bitcoin Miners as Reward Halving Nears, $2 Billion at Stake

April 15, 2024 Bitcoin.com

Short Sellers Target Bitcoin Miners as Reward Halving Nears, Billion at Stake

Bitcoin mining

A recent report highlights that the collective short interest in stocks from 15 bitcoin mining companies has approached the $2 billion mark. The performance of these mining stocks has declined compared to their stronger start earlier this year, coinciding with the proximity of just 663 blocks remaining until the next reward halving. Impending Bitcoin Halving […]

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Bitcoin Mining Stocks Rally Ahead of Halving: Double-Digit Gains Mark Midweek Surge

March 21, 2024 Bitcoin.com

Bitcoin mining

Publicly traded bitcoin mining companies experienced a revival this week, as numerous stocks saw double-digit increases on Wednesday. Shares of Cleanspark soared by 22.8%, Marathon’s shares climbed by 16.1%, and Riot’s shares increased by 11.81% throughout the trading day. Bitcoin Mining Equities See Recovery With Stellar Wednesday Gains With less than a month remaining until […]

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As Bitcoin Hits New Highs, Nasdaq-Listed Miners Face Unexpected Declines

March 11, 2024 Bitcoin.com

Bitcoin mining

Despite bitcoin reaching another all-time peak on Monday, publicly traded mining stocks commenced the day with percentage declines. Stock linked to companies such as Marathon, Cleanspark, Riot, and various others have diminished in value compared to the U.S. dollar, even as bitcoin celebrates fresh price milestones. Mining Stocks Tumble on Nasdaq Nasdaq-listed bitcoin (BTC) miners […]

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Nasdaq-Listed Bitcoin Mining Companies Bounce Back From Recent Downturn

March 9, 2024 Bitcoin.com

Bitcoin mining

Following a dynamic period of activity in the crypto market on Friday, stocks of publicly traded mining companies have recovered from their recent decline. In the last five days, Marathon Digital Holdings’ stock fell over 15%, yet on Friday, it experienced a 7.71% increase in value against the U.S. dollar. Several other leading mining corporations […]

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Bitcoin Mining Stocks Surge — Double-Digit Gains Highlight Rapid Growth in Digital Currency Sector

February 13, 2024 Bitcoin.com

Bitcoin mining

As bitcoin and the broader crypto market have surged, shares of publicly traded mining companies have seen substantial growth. Data shows that, in the last five days, stocks of many of these firms have experienced double-digit increases in value against the U.S. dollar. Publicly Traded Mining Companies See Major Uptick Publicly-listed firms linked to the […]

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Fed pause is a ‘green light’ for investors; here’s what it means for crypto

December 14, 2023 Coin Telegraph

Bitcoin rally

With the expectation of further rate cuts heading into 2024, analysts say this could be a "positive boost" for crypto stocks and investment products.

A decision from the United States Fed to pause and possibly lower interest rates next year will likely serve as a “positive boost” for cryptocurrencies and crypto stocks.

In a Dec. 13 interview with Bloomberg, Blackrock fund manager Jeffrey Rosenberg described the Fed’s rate pause — and its hint at rate cuts next year — as a “green light” for investors, with the S&P 500 rallying 1.37% on the decision.

Crypto stocks have witnessed significant gains on the back of the announcement too, with shares of Coinbase (COIN) and MicroStrategy (MSTR) respectively spiking 7.8% and 5% on the day, while Bitcoin miner Marathon Digital (MARA) jumped 12.6%.

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Bitcoin’s huge rally has nuked $6B in shorts this year: S3 Partners

December 7, 2023 Coin Telegraph

Bitcoin

Short sellers have lost more than $6 billion trying to bet against crypto stocks in 2023.

Crypto industry short sellers have lost at least $6 billion trying to bet against publicly-traded crypto firms this year, due largely to Bitcoin’s (BTC) outsized rally since Jan. 1.

According to a Dec. 5 report from research firm S3 partners, traders who bet against publicly traded crypto firms such as Coinbase, MicroStrategy, and Marathon Digital are now nursing $6.05 billion in on-paper losses.

The bulk of the losses for short sellers have been concentrated in the last three months. After Bitcoin fell to a quarterly low of $25,133 on Sept. 11, short sellers increased their exposure to what they thought was an overbought sector.

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