Bitcoin Mining Stocks Marathon Digital, Riot Platforms And CleanSpark Are Falling Wednesday: What’s Behind The Drop?
Posted On October 23, 2024
Bitcoin (CRYPTO: BTC/USD) mining stocks including Marathon Digital Holdings Inc. (NASDAQ:MARA), Riot Platforms Inc. (NASDAQ:RIOT) and CleanSpark Inc. (NASDAQ:CLSK) are trading down Wednesday as Bitcoin (CRYPTO: BTC) pulls back from recent highs.
The decline comes as broader markets sell off and Bitcoin exchange-traded funds (ETFs) see outflows.
What To Know: On Tuesday, Bitcoin ETFs recorded a net outflow of $79.09 million, ending a seven-day streak of inflows. While BlackRock’s ETF saw a small inflow of $42.9 million, ARK Invest’s ETF had a large outflow of $134.7 million, contributing significantly to overall market outflows. Bitcoin was down 1.52% over a 24-hour period, hovering …
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