Bitcoin miners lose momentum after record $94 billion market cap

Bitcoin mining stocks have dropped sharply by 7.68% after rallying to a total market cap of $94 billion two days ￰0￱ stocks have shown resilience in the past year, jumping from a market cap of $28 billion to $94 billion. That’s an increase of around 235% in only 12 ￰1￱ have shown massive interest in mining ￰2￱ week, IREN Limited signed multi-year cloud services contracts for deploying Nvidia’s Blackwell ￰3￱ Holdings has agreed to acquire a stake of 64% in Exaion, the company that specializes in operating high-performance computing (HPC) data ￰4￱ the positive sentiment, mining stocks have dropped sharply after a Bitcoin slide to under $108,000.

Miners sell Bitcoin Bitcoin miners have been showing signs of selling ￰5￱ on a report by Cryptopolitan, around 51,000 BTC, worth around $5.6 billion, were moved from miner wallets to exchanges starting October ￰6￱ days ago, Bitcoin mining stocks reached double their value to $94 billion but dropped to $86.91 billion, based on data from Bitcoin Mining ￰7￱ Limited leads in the Bitcoin mining stock market with a market cap of $16.76 ￰8￱ stock dropped by 9% and currently trades at $61.83. The second spot is reserved for Applied Digital Corporation, with a market cap of $10.25 ￰9￱ company stock, APLD, witnessed a slight reduction of around 3% to trade at $36.64.

MARA Holdings is in the third position with a market cap of $7.51 ￰10￱ stock, MARA, has dropped significantly by 11.25% and currently trades at $20.27. Marketcap Heatmap.