Investorideas.com

Call 800 665 0411 to learn about our services

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS



Share on StockTwits

Crypto Mining Stocks Are on the Recovery Path as Major Players Record Upto 130% Recovery in the Last Month

 

August 10, 2022 (Investorideas.com Newswire) According to CryptoMonday, companies like Marathon, Riot, Hut, Canaan, and Hive have seen their market caps increase by over 130% in the last month. This rally appears to be driven by falling BTC mining difficulty, which makes it more profitable to mine the cryptocurrency and increases institutional interest in digital assets.

According to CryptoMonday CEO Jonathan Merry, "The recovery in crypto mining stocks is attributed to the surge in cryptocurrency prices. With Bitcoin's price on the rise and mining profitability improving, it's no surprise that crypto mining stocks are also beginning to recover. It will be interesting to see if this rally can be sustained in the face of a potential global economic downturn."

What's Driving the Resurgence in Crypto Mining Stocks?

Despite worries about inflation and rising interest rates, Bitcoin (BTC), Ethereum (ETH) and other top cryptocurrencies rebounded from their 2022 lows in July. Bitcoin has led a stellar month for digital currencies, along with several other top performers in the last four weeks. Bitcoin surpassed $24,000, and Ethereum rose by about 55 per cent to trade at around $1,700.

Investors are hopeful that the recent uptick in cryptocurrency prices is here to stay and that the sector will continue to recover. However, some analysts warn that the rally in crypto mining stocks may not be sustainable in the long run.

Investors on the Edge

The recovery in crypto mining stocks is a positive development for the industry and for investors who have been betting on the sector. With cryptocurrency prices on the rise, we will likely see further gains in crypto mining stocks soon.

In July, investors received some respite from the crypto winter, but a slew of high-profile bankruptcies suggest the sector is still in a precarious position. So, while the crypto mining sector may be on the road to recovery, many challenges still lie ahead. Full story and statistics can be found here: Crypto Mining Stocks Are on the Recovery Path as Major Players Record Upto 130% Recovery in the Last Month

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp


Follow Us on StockTwits






News and Research for Bitcoin, Blockchain, Digital Currency Stocks and ICO's

Get more Bitcoin, Blockchain, Digital Currency stock investor ideas - news, articles, podcasts and stock directories

Buy a crypto guest post on Investorideas.com