Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023

Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023

Market Analysis
January 30, 2023 by secret
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[ad_1] Bitcoin mining stocks usually follow BTC’s price because it directly influences the company’s earnings. These stocks were beaten down heavily in the last quarter of 2022, especially in the month of December. The downturn after FTX’s collapse worsened with the bankruptcy filings of the largest U.S.-based Bitcoin mining company, Core Scientific. During this time,