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Bitcoin Mining Stocks Decline Over 50%

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Bitcoin miners are getting battered this year with stocks declining by more than 50% on average. The pain has been amplified for miners as the network hashrate has risen near all-time highs. Chart of the Day explains the data, presented by cryptocom:

Bitcoin mining stocks like Riot Blockchain and Marathon Digital declined by more than 50% on average as BTC’s price slumped following last year’s bull run.

Data suggests bitcoin supply held in miner addresses have mainly been net outflows since April. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

 

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cryptocom This downtrend market has a Tribalpunk going against it guys :))) The index is also good, IDO TGE 20%, KYC, AMA are all games, the price is x3, x4 IDO price, looks delicious, yes Anyone FOMO come in with me 🤩

cryptocom Leveraged Multichain Margin DEX coming this month SatoshiSwap SatoshiStBets SatoshiSwapHQ

cryptocom I keep saying it would not be worth soon, in several years if Bitcoin doesn't grow to make it worth it

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