Shares of cryptocurrency companies, which stood out with their successful performance last year, had a bad start to 2024.
Even spot Bitcoin exchange-traded fund (ETF) approval wasn’t enough to save shares of cryptocurrency companies. in 2023 over 100% Shares of many rising cryptocurrency companies 2024It almost crashed in the first weeks of .
Shares of Bitcoin mining companies were among those who experienced major declines. Leading Bitcoin mining company Share value of Riot Platforms (RIOT) Since January 10 31% experiencing a decline 17 dollars from level for $11.7 declined.
Another Bitcoin mining company involved in the decline trend Marathon Digital (MARA) Its shares have been on the rise since January 10. 34% It lost value and fell from 29.1 dollars to 18.9 dollars.
During the same time period, Bitcoin mining companiesi CleanSpark (CLSK) shares 28% with depreciation From $11.32 to $8.13 declined. TerraWulf (WULF) whereas 31% It was another Bitcoin mining company that lost value. WULF shares in the same period From $2.46 to $1.69 declined.
One of the most notable names of the declines is the largest cryptocurrency exchange in the USA. Coinbase (COIN) happened. COIN From January 10 to close on January 12 18% losing value From $161 to $130.7 declined.
All these declines come with the spot Bitcoin ETF approval. sell the news It is thought to be the result of the wave.