Bitcoin Mining Stocks Fall After BTC Price Hits $49K

Bitcoin miners faced a decline on Thursday, relinquishing earlier gains in response to the cryptocurrencys price retreat after the U.S. Securities and Exchange Commissions (SEC) approval of the inaugural U.S. spot Bitcoin exchange-traded funds (ETFs). Marathon Digital and Riot Platforms, the two most extensive mining stocks, experienced 12% and 15% losses, respectively. Meanwhile, Iris Energy fell by 6%, and CleanSpark saw a 7% decline. Investor Profit-Taking Amidst Volatility Investors opted to take profits after Bitcoin briefly surged above $49,000, marking the first occurrence...


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