The post Bitcoin Mining And Crypto Stocks Fall As Bitcoin Slumps More appeared on BitcoinEthereumNews.com. Bitcoin mining stocks felt the pain today as the broader market reacted to a third consecutive day of declines for Bitcoin.  Many major miners are losing double-digit percentages, with Bitfarms ($BITF) leading the losses down over 18%. Riot Platforms ($RIOT) and Marathon Digital Holdings ($MARA) also saw sharp drops of 10%–11%, while Hut 8 and Strategy followed with smaller declines. The pullback has put a dent in the momentum miners had enjoyed over the past few months, when strong BTC prices and expanding hash rates drove the sector to multi-year highs.  Despite the rough day, much of the Bitcoin mining sector is substantially in the green over the week, with the likes of Applied Digital and Cipher Mining jumping 3-4x in the last year.  According to bitcoinminingstocks.io (image below), much of the bitcoin mining industry’s stocks ended the day in the red, some by more than 10%. Image Credit Bitcoin mining stocks often follow bitcoin’s direct price action. Today, bitcoin dipped to the $107,000 range which resulted in many BTC mining stocks closing in the red.  This price action follows a rough two weeks that saw over $19 billion in leveraged positions liquidated, forcing more than 1.6 million traders out of their positions as cascading margin calls swept across exchanges. Investors are watching closely to see if miners can stabilize or if further BTC weakness will drive more pain across the space.  Earlier this week, Bitcoin mining stocks extended their multi-month rally, pushing the sector’s combined market capitalization above $90 billion — more than double from two months prior. Bitdeer Technologies led gains with a 30% surge after reporting a 32.9% increase in realized hashrate and mining 452 BTC in September.  Crypto stocks got crushed as well Crypto-related equities were in the red Thursday as selling pressure hit across the… The post Bitcoin Mining And Crypto Stocks Fall As Bitcoin Slumps More appeared on BitcoinEthereumNews.com. Bitcoin mining stocks felt the pain today as the broader market reacted to a third consecutive day of declines for Bitcoin.  Many major miners are losing double-digit percentages, with Bitfarms ($BITF) leading the losses down over 18%. Riot Platforms ($RIOT) and Marathon Digital Holdings ($MARA) also saw sharp drops of 10%–11%, while Hut 8 and Strategy followed with smaller declines. The pullback has put a dent in the momentum miners had enjoyed over the past few months, when strong BTC prices and expanding hash rates drove the sector to multi-year highs.  Despite the rough day, much of the Bitcoin mining sector is substantially in the green over the week, with the likes of Applied Digital and Cipher Mining jumping 3-4x in the last year.  According to bitcoinminingstocks.io (image below), much of the bitcoin mining industry’s stocks ended the day in the red, some by more than 10%. Image Credit Bitcoin mining stocks often follow bitcoin’s direct price action. Today, bitcoin dipped to the $107,000 range which resulted in many BTC mining stocks closing in the red.  This price action follows a rough two weeks that saw over $19 billion in leveraged positions liquidated, forcing more than 1.6 million traders out of their positions as cascading margin calls swept across exchanges. Investors are watching closely to see if miners can stabilize or if further BTC weakness will drive more pain across the space.  Earlier this week, Bitcoin mining stocks extended their multi-month rally, pushing the sector’s combined market capitalization above $90 billion — more than double from two months prior. Bitdeer Technologies led gains with a 30% surge after reporting a 32.9% increase in realized hashrate and mining 452 BTC in September.  Crypto stocks got crushed as well Crypto-related equities were in the red Thursday as selling pressure hit across the…