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Why Cryptocurrency Stocks Were Hurting Today

From fool.com

To put it mildly, Tuesday was a day to forget for investors in many cryptocurrencies and the companies that concentrate on mining them. Competing assets are leaching the value of such investments, and many felt the pain on the second trading day of the week. Among them was Marathon Digital Holdings (MARA -14.42%), which experienced a scary price swoon of over 14%. TeraWulf (WULF -10.08%) also took a slide, descending at over 10%. Coins and tokens weren't spared, with lately popular altcoin Bitcoin Cash (BCH -9.30%) turning south at a nearly 8% clip. So what: After retreating from a 16-year high late last week, the ... (full story)

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  • Category: Fundamental Analysis