BEARISH 62 BeInCrypto 17M ago · 2 min read

Bitcoin Miners Lead Wall Street’s Crypto Sell-Off: Why Are They Falling Hardest?

AI summary

Bitcoin fell to about $68,000 on Friday, its lowest price since August, dragging crypto-linked US equities down with it. Mining stocks absorbed the heaviest losses, with Hut 8 down 6% and Riot Platforms and MARA Holdings each off 3.9%, while Coinbase slipped only 0.5%. Traders read the miners' outsized drawdown as a sign of stress in the most leveraged, cost-sensitive corner of the crypto equity complex.

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