Bitcoin mining stocks have fallen about 27% in the last three trading days, despite a recent Bitcoin rally that saw the price reach $64,000.
Marathon Digital Holdings (MARA) has lost 18.5% and Riot Platforms (RIOT) has dropped 21.9% since February 27, according to Google Finance data. CleanSpark (CLSK) plummeted to 27.5%, while TeraWulf (WULF) fell to 25.4%.
One expert believes the dip is due to unfounded concerns about the imminent halving and says that this could be a good time to buy these equities at a low price.
Instead, Bitcoin surged from $51,000 to an all-time high of $63,000, and is now trading at $61,350.
A cryptocurrency trader named “Chris” stated on Twitter that he initially invested in CleanSpark but switched his view on miners after Bitcoin neared $65,000.
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