Almost all crypto miners’ stocks were in the red for the day, with Bitfarms falling more than 9%, while peers such as Argo Blockchain and Cipher Mining fell more than 7%. Shares of other miners, including Marathon Digital, Riot Blockchain, Hive Blockchain and Hut 8 Mining, also fell more than 4% on Monday. Source link … [Read more...] about Crypto Miners Extend Slump as Bitcoin Price Falls to Lowest Point Since October
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Crypto Mining Stocks Extend Declines as Bitcoin, Ether Prices Fall
On Monday, large-cap miners such as Marathon Digital (MARA) and Riot Blockchain (RIOT) both fell more than 5% early on Monday, although Marathon eventually recovered most of those losses. The shares of other miners such as Argo Blockchain (ARBK), Hut 8 (HUT), Hive Blockchain (HIVE), Cipher Mining (CIFR) were down 9%, 3%, 6% and 12% respectively. Source link … [Read more...] about Crypto Mining Stocks Extend Declines as Bitcoin, Ether Prices Fall
Ether to Extend Outperformance Versus Bitcoin Following Recent Breakout, FSInsight Says
Solana “remains a near-term standout” after reaching $235, but may see some minor consolidation following the latest rally. FSInsight predicts further gains up to $308.60 and suggests buying during dips. If, however, there is a pullback, FSInsight sees first support in solana at $178.56 and then at $152.54. Source link … [Read more...] about Ether to Extend Outperformance Versus Bitcoin Following Recent Breakout, FSInsight Says
Derivatives data shows Ethereum traders positioned to extend the ETH rally
Ether (ETH) price rallied 32% leading up to August 23, and despite testing the $3,000 support multiple times, the level has held firmly. Meanwhile, Bitcoin (BTC) could not sustain the $50,000 mark, at least in the short-term. According to Cointelegraph, pro traders are not yet inclined to add bullish positions according to derivatives metrics.Surprisingly, the opposite … [Read more...] about Derivatives data shows Ethereum traders positioned to extend the ETH rally