Stock Groups

Bitcoin Mining Stocks Fall as BTC Slides -Breaking

by Mike Robinson

[ad_1]

© Reuters.

Sam Boughedda

Investing.com — Bitcoin mining stock shares are lower Tuesday after hitting a session low of $48,355 on Monday.

While Bitcoin’s price move is not significant in comparison to past price movements, Bitcoin miners will be susceptible to changes in cryptocurrency prices.

Riot Blockchain Inc. (NASDAQ:) shares currently are down over 9%. The stock is under pressure after Roth Capital analyst Darren Aftahi reduced its price target from $55 to $46. Aftahi told investors that Riot had benefitted from a “stay-at-home” premium, but that was now waning — something he also said about FuboTV (NYSE:) in a separate note.

Marathon Digital Holdings Inc (NASDAQ) is also available. sued for potential securities law violationsThe stock is currently trading below the $35 mark, with Bit Digital Inc (NASDAQ:) down 11% Bit Digital Inc (NASDAQ) has dropped over 8% in the Tuesday session while Hut 8 Mining Corp has lost 10%.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of the potential risks and financial costs involved in trading the financial market. It is among the most risky forms of investment.

[ad_2]