Bitcoin’s year-to-date drawdown alongside the drawdowns of the leading public bitcoin mining companies demonstrates the brutality of this bear market.
Bitcoin mining company stock performance compared to the S&P 500’s is even worse than it is compared to the bitcoin price.
Hash price, bitcoin price, yada yada.
Share price performance for mining companies is a reasonably good gauge for broader investor interest in bitcoin, aside from the bitcoin price itself.
Public Bitcoin Miners Are HODLing OnThe current bitcoin bear market has been brutal for public mining companies as the charts in this article show.
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