Bitcoin Mining Stocks Marathon Digital, Riot Platforms And CleanSpark Are Moving: What's Going On?
Portfolio Pulse from Adam Eckert
Bitcoin mining stocks Marathon Digital, Riot Platforms, and CleanSpark are trading lower due to a pullback in Bitcoin prices. Bitcoin has been volatile ahead of Federal Reserve chair Jerome Powell's comments and the latest consumer price index data. Additionally, Bitcoin ETFs saw net outflows for the first time in nearly three weeks.
June 11, 2024 | 1:15 pm
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NEGATIVE IMPACT
CleanSpark's stock is down 3.44% due to a decrease in Bitcoin prices and market volatility ahead of Federal Reserve comments and CPI data.
CleanSpark's stock is influenced by Bitcoin price trends. The recent drop in Bitcoin and market uncertainty have negatively impacted the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Marathon Digital's stock is down 3.19% due to a decline in Bitcoin prices and market volatility ahead of Federal Reserve comments and CPI data.
Marathon Digital's performance is closely tied to Bitcoin prices. The decline in Bitcoin and market uncertainty ahead of key economic data have negatively impacted the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Riot Platforms' stock is down 2.78% amid a drop in Bitcoin prices and market volatility ahead of Federal Reserve comments and CPI data.
Riot Platforms' stock is affected by Bitcoin price movements. The current decline in Bitcoin and anticipation of economic data have led to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100