• bitcoinBitcoin (BTC) $ 82,833.00
  • ethereumEthereum (ETH) $ 1,786.17
  • tetherTether (USDT) $ 0.999621
  • xrpXRP (XRP) $ 2.12
  • bnbBNB (BNB) $ 592.68
  • solanaSolana (SOL) $ 118.04
  • usd-coinUSDC (USDC) $ 0.999884
  • dogecoinDogecoin (DOGE) $ 0.168005
  • cardanoCardano (ADA) $ 0.650811
  • tronTRON (TRX) $ 0.237404
  • staked-etherLido Staked Ether (STETH) $ 1,783.01
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 82,548.00
  • leo-tokenLEO Token (LEO) $ 9.07
  • the-open-networkToncoin (TON) $ 3.28
  • chainlinkChainlink (LINK) $ 12.66
  • usdsUSDS (USDS) $ 0.999926
  • stellarStellar (XLM) $ 0.250865
  • wrapped-stethWrapped stETH (WSTETH) $ 2,137.55
  • avalanche-2Avalanche (AVAX) $ 17.90
  • suiSui (SUI) $ 2.21
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • hedera-hashgraphHedera (HBAR) $ 0.160674
  • litecoinLitecoin (LTC) $ 82.15
  • mantra-daoMANTRA (OM) $ 6.28
  • polkadotPolkadot (DOT) $ 3.92
  • bitcoin-cashBitcoin Cash (BCH) $ 298.31
  • bitget-tokenBitget Token (BGB) $ 4.44
  • ethena-usdeEthena USDe (USDE) $ 0.998963
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999576
  • wethWETH (WETH) $ 1,785.12
  • pi-networkPi Network (PI) $ 0.615788
  • wrapped-eethWrapped eETH (WEETH) $ 1,898.09
  • whitebitWhiteBIT Coin (WBT) $ 28.06
  • moneroMonero (XMR) $ 215.62
  • hyperliquidHyperliquid (HYPE) $ 11.61
  • uniswapUniswap (UNI) $ 5.79
  • daiDai (DAI) $ 0.999948
  • okbOKB (OKB) $ 51.29
  • susdssUSDS (SUSDS) $ 1.05
  • pepePepe (PEPE) $ 0.000007
  • nearNEAR Protocol (NEAR) $ 2.44
  • aptosAptos (APT) $ 4.81
  • gatechain-tokenGate (GT) $ 22.17
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 82,710.00
  • tokenize-xchangeTokenize Xchange (TKX) $ 32.53
  • ondo-financeOndo (ONDO) $ 0.802595
  • crypto-com-chainCronos (CRO) $ 0.091349
  • mantleMantle (MNT) $ 0.734870
  • ethereum-classicEthereum Classic (ETC) $ 15.91
  • internet-computerInternet Computer (ICP) $ 4.98
  • aaveAave (AAVE) $ 151.19
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.16
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.994368
  • cosmosCosmos Hub (ATOM) $ 4.86
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • vechainVeChain (VET) $ 0.021635
  • bittensorBittensor (TAO) $ 216.70
  • official-trumpOfficial Trump (TRUMP) $ 9.18
  • ethenaEthena (ENA) $ 0.318345
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 82,606.00
  • fasttokenFasttoken (FTN) $ 4.04
  • filecoinFilecoin (FIL) $ 2.68
  • kaspaKaspa (KAS) $ 0.063839
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.187367
  • render-tokenRender (RENDER) $ 3.13
  • sonic-3Sonic (prev. FTM) (S) $ 0.494564
  • celestiaCelestia (TIA) $ 2.66
  • algorandAlgorand (ALGO) $ 0.182308
  • arbitrumArbitrum (ARB) $ 0.307714
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 82,665.00
  • kucoin-sharesKuCoin (KCS) $ 9.91
  • eosEOS (EOS) $ 0.769840
  • optimismOptimism (OP) $ 0.690649
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.430229
  • makerMaker (MKR) $ 1,321.33
  • jupiter-exchange-solanaJupiter (JUP) $ 0.389116
  • story-2Story (IP) $ 4.21
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,786.07
  • xdce-crowd-saleXDC Network (XDC) $ 0.067962
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,855.89
  • nexoNEXO (NEXO) $ 1.05
  • usdt0USDT0 (USDT0) $ 0.998866
  • binance-staked-solBinance Staked SOL (BNSOL) $ 123.19
  • movementMovement (MOVE) $ 0.373477
  • blockstackStacks (STX) $ 0.594653
  • worldcoin-wldWorldcoin (WLD) $ 0.733798
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,020.22
  • bonkBonk (BONK) $ 0.000011
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999922
  • dexeDeXe (DEXE) $ 14.60
  • usual-usdUsual USD (USD0) $ 0.997987
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999589
  • injective-protocolInjective (INJ) $ 8.17
  • flare-networksFlare (FLR) $ 0.012978
  • sei-networkSei (SEI) $ 0.162376
  • theta-tokenTheta Network (THETA) $ 0.770635
  • the-graphThe Graph (GRT) $ 0.080718
  • immutable-xImmutable (IMX) $ 0.426035
  • tether-goldTether Gold (XAUT) $ 3,045.70
  • lido-daoLido DAO (LDO) $ 0.825448
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 82,362.00
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • wbnbWrapped BNB (WBNB) $ 592.59
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,899.12
  • pax-goldPAX Gold (PAXG) $ 3,060.04
  • walrus-2Walrus (WAL) $ 0.543366
  • tezosTezos (XTZ) $ 0.652008
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 82,641.00
  • galaGALA (GALA) $ 0.014730
  • the-sandboxThe Sandbox (SAND) $ 0.260183
  • kaiaKaia (KAIA) $ 0.107178
  • curve-dao-tokenCurve DAO (CRV) $ 0.477307
  • usdx-money-usdxStables Labs USDX (USDX) $ 1.00
  • bittorrentBitTorrent (BTT) $ 0.00000063
  • zcashZcash (ZEC) $ 38.29
  • iotaIOTA (IOTA) $ 0.164593
  • bitcoin-svBitcoin SV (BSV) $ 30.51
  • berachain-beraBerachain (BERA) $ 5.60
  • flowFlow (FLOW) $ 0.367184
  • msolMarinade Staked SOL (MSOL) $ 151.26
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,858.98
  • jito-governance-tokenJito (JTO) $ 1.74
  • flokiFLOKI (FLOKI) $ 0.000055
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.80
  • honey-3Honey (HONEY) $ 1.00
  • raydiumRaydium (RAY) $ 1.80
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 1.00
  • heliumHelium (HNT) $ 2.83
  • grassGrass (GRASS) $ 1.83
  • pendlePendle (PENDLE) $ 3.09
  • true-usdTrueUSD (TUSD) $ 0.998966
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.90
  • jasmycoinJasmyCoin (JASMY) $ 0.010170
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 129.43
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999961
  • spx6900SPX6900 (SPX) $ 0.524017
  • pyth-networkPyth Network (PYTH) $ 0.131669
  • dydx-chaindYdX (DYDX) $ 0.615078
  • beldexBeldex (BDX) $ 0.068386
  • resolv-usrResolv USR (USR) $ 0.999367
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999973
  • fartcoinFartcoin (FARTCOIN) $ 0.465319
  • pumpbtcpumpBTC (PUMPBTC) $ 79,098.00
  • decentralandDecentraland (MANA) $ 0.241137
  • infrared-beraInfrared Bera (IBERA) $ 5.64
  • coredaoorgCore (CORE) $ 0.436090
  • axie-infinityAxie Infinity (AXS) $ 2.71
  • telcoinTelcoin (TEL) $ 0.004701
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.167973
  • kavaKava (KAVA) $ 0.396594
  • apenftAPENFT (NFT) $ 0.00000043
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,899.10
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 82,842.00
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007290
  • saros-financeSaros (SAROS) $ 0.154798
  • clbtcclBTC (CLBTC) $ 81,455.00
  • usdbUSDB (USDB) $ 0.998420
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • conflux-tokenConflux (CFX) $ 0.080683
  • ousgOUSG (OUSG) $ 110.58
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,786.56
  • roninRonin (RON) $ 0.645151
  • olympusOlympus (OHM) $ 24.44
  • starknetStarknet (STRK) $ 0.136941
  • compound-governance-tokenCompound (COMP) $ 44.41
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,784.99
  • chilizChiliz (CHZ) $ 0.041139
  • elrond-erd-2MultiversX (EGLD) $ 13.83
  • thorchainTHORChain (RUNE) $ 1.10
  • super-oethSuper OETH (SUPEROETHB) $ 1,786.80
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • dogwifcoindogwifhat (WIF) $ 0.379270
  • ecasheCash (XEC) $ 0.000019
  • wormholeWormhole (W) $ 0.081627
  • arweaveArweave (AR) $ 5.62
  • tbtctBTC (TBTC) $ 82,331.00
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,863.13
  • plumePlume (PLUME) $ 0.177449
  • apecoinApeCoin (APE) $ 0.439019
  • fraxFrax (FRAX) $ 0.999630
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.530616
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.999600
  • beam-2Beam (BEAM) $ 0.006469
  • layerzeroLayerZero (ZRO) $ 3.00
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.797489
  • neoNEO (NEO) $ 4.69
  • matic-networkPolygon (MATIC) $ 0.187320
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 1,835.87
  • solayerSolayer (LAYER) $ 1.56
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 0.999124
  • axelarAxelar (AXL) $ 0.339306
  • cheems-tokenCheems Token (CHEEMS) $ 0.000002
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000058
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,783.90
  • justJUST (JST) $ 0.031371
  • usddUSDD (USDD) $ 0.998822
  • amp-tokenAmp (AMP) $ 0.003603
  • chain-2Onyxcoin (XCN) $ 0.009104
  • gnosisGnosis (GNO) $ 115.14
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 82,182.00

Bitcoin News: Wall Street Crypto Miner’s Stocks Collapse as BTC Price Slips Below $90K

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Bitcoin News: Wall Street Crypto Miner's Stocks Collapse as BTC Price Slips Below $90K

Shares of major publicly listed Bitcoin (BTC) mining companies tumbled this week as the oldest cryptocurrency continued its retreat below the critical $90,000 threshold. Widening net losses and increasing competition led the worst-performing stock to lose nearly 30% in a single day.

Industry leaders were also unable to resist the negative trend, as the index tracking the condition of BTC mining stocks dropped to its lowest levels since September 2024.

Wall Street Bitcoin Miners Net Losses Intensify

Cipher Mining Inc. (NASDAQ: CIFR) shares declined despite reporting fourth-quarter net earnings of $18 million, or $0.05 per diluted share. The company’s adjusted earnings reached $51 million ($0.14 per diluted share), but investors appeared more focused on longer-term concerns about profitability as Bitcoin’s price fluctuations continue to impact mining economics.

Tyler Page, CEO of of Ciper Mining

“We had an extremely productive fourth quarter at Cipher, as we continued the on-time execution of our growth and expansion plans,” said Tyler Page, CEO of Cipher Mining, highlighting the company’s increased hashrate to approximately 13.5 EH/s following upgrades to its Odessa fleet.

However, the net result interests shareholders the most, which turned out to be worse than last year. The loss deepened to nearly $45 million, up from just under $26 million reported a year earlier.

Meanwhile, Bitdeer Technologies Group (NASDAQ: BTDR) faced steeper declines after reporting more disappointing numbers. The Singapore-based blockchain and high-performance computing company posted a substantial net loss of $599.2 million for 2024, compared to $56,7 million. Total revenue dropped to $349.8 million from $368.5 million year-over-year.

Matt Kong, Chief Business Officer at Bitdeer

“Last year, we strategically prioritized resources to the development of our proprietary ASIC technology, which temporarily limited our hashrate growth and impacted our financial performance,” Matt Kong, Chief Business Officer at Bitdeer, commented.

Wall Street Reacts with Declines to Miners’ Earnings and Bitcoin Price

In stark investors reaction, Bitdeer shares dropped 29% on Nasdaq during Tuesday’s session, closing at $9.26 and testing their lowest levels in three months. Cipher Mining fell more than 17% in response to its latest report, declining to $4.10 and reaching a four-month low.

Bitcoin News: Wall Street Crypto Miner's Stocks Collapse as BTC Price Slips Below $90K

BITDR vs. CIFR vs. BTC price. Source: Tradingview.com

The decline extended across the entire sector, not just companies releasing new financial results. A notable example is MARA (NASDAQ: MARA), the largest publicly traded miner on Wall Street by market cap, whose shares fell 11% to $12.42, their lowest since November 2023.

Among the steepest decliners were Canaan (NASDAQ: CAN), which dropped 17% to $1.29, and IREN (NASDAQ: IREN), down 13.6% to $8.78.

The negative sentiment was fueled in part by Bitcoin’s sharp two-day decline. On Tuesday, its price closed well below $90,000, briefly testing levels closer to $86,000—the lowest since November.

The Bitcoin Mining Stock Index, provided by Hashrate, also saw a steep drop, sliding to levels not seen in five months.

Bitcoin News: Wall Street Crypto Miner's Stocks Collapse as BTC Price Slips Below $90K

Source: Hashrate Index

A notable example is Riot Platforms (NASDAQ: RIOT), which also released its financial results this week. The company reported record revenue of nearly $377 million and a net income of $109 million. Despite these strong numbers, shareholders focused more on Bitcoin’s performance, leading the stock to drop to multi-month lows.

This highlights that, for many investors, mining stocks remain an indirect way to gain exposure to Bitcoin on regulated exchanges, with their prices closely tracking Bitcoin’s movements.

Source

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