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Express News | Shares of Crypto-related Stocks Are Trading Lower After Bitcoin Fell Below $100,000
U.S. stocks move | Bitcoin Concept stocks decline, MARA Holdings (MARA.US) drops over 4%.
Bitcoin Concept stocks declined, as of the time of writing, MARA Holdings fell over 4%.
US Bitcoin Miners Hoard Apex Crypto To Shield Against Rising Expenses — MARA, Riot Replicate MicroStrategy's Playbook
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The surge in U.S. Treasury yields is hitting risk Assets, and the Cryptos market is affected.
The price of Bitcoin has dropped significantly, due to the surge in USA Treasury yields putting pressure on risk assets overall.
MARA Holdings Options Spot-On: On January 7th, 222.42K Contracts Were Traded, With 1.82 Million Open Interest
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Express News | Shares of Crypto Stocks Are Trading Lower After Bitcoin Fell Back Below $100,000
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The cryptocurrency Industry is facing profit squeezes, and USA mining companies are "making ends meet".
It is estimated that in the third quarter of last year, the Average Cost of producing Bitcoin for all miners listed in the USA was $55,950 per coin, a 13% increase from the previous quarter, with an Average Cost of $106,000 including depreciation and stock-based compensation costs. Bitcoin is currently priced at $101,439.1. This means that if the price of Bitcoin does not rise, it may lead to many miners shutting down their machines or going bankrupt.
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Express News | Bitcoin Mining Data Center IREN Says It Mined 529 BTC In Dec 2024 Vs. 379 BTC In Nov 2024
XRP and Other Cryptos Are Rising. Bitcoin Price Broke Through $100,000 -- Again
Optimistic sentiment makes a comeback as nearly 1 billion USD flowed into the USA spot Bitcoin ETF in a single day.
The inflow of funds into Bitcoin ETFs has rebounded.