Dear valued User,
We work with different types of advertisers. Some of them include gambling, investment schemes, High Yield Investment Program, Cryptocurrency, and Alcohol or tobacco etc. In no way or form are we endorsing these products/services. Please utilize them at your own risk, religious/country rules and requirements. Whatever you chose to follow, invest or gain please do at your own risk and free will. Thank You, ES Management
Cryptocurrencies: 4547
Markets: 59837
Market Cap: $883,215,724,732     
24h Vol: $60,678,209,165
Cryptoknowmics 2022-05-19 10:21:51

U.S. Mining Stocks have dropped over 50% Despite Hashrate Increasing

According to the Cambridge Center for Alternative Finance, a financial research institute affiliated with Cambridge University, the Bitcoin hash rate increased by 4% in August compared to the previous year, from 35% to 39%. However, mining stocks have fallen in value in the last month, as have Bitcoin prices., Via BTC, and Pooling statistics are all included in the final figure. U.S. Mining Stocks Drop Almost 50% Despite HashrateIncreasing #Diamante #Blockchain #DiamCircle — Diamante Media (@media_diamante) May 19, 2022 Mining Stocks Are Down Over 50% The recent crypto market massacre, which saw the collapse of TerraUSD and price drops in numerous cryptocurrencies, also prompted a reduction in the price of these mining businesses’ shares. Core Scientific and Marathon mining equities have lost roughly 47% of their value since April 18. Riot’s stock has been cut in half, and Hut 8 Mining Corp, situated in Canada, has seen its stock value plummet by 41%. Following the 25% drop in Bitcoin price last month and the increasing correlation of cryptocurrencies with the stock market, some crypto traders believe investors should be wary about investing in cryptocurrency. The correlation between cryptocurrency and stocks has ranged from 0.67 to 0.78, with BTC plummeting 10% on the day of peak correlation. Here, 0 denotes no link, and 1 indicates perfect correlation. Digital assets are now “part of the mains...

  • What is a Shiba Inu Coin?

  • Future Of Cryptocurrency

  • DEFI: What is Defi?

  • A Step by Step Guide To Use and Utilize Cryptocurrency