After Incredible December Gains, Traders Cashed Out of Bitcoin Mining Stocks Today

1 min read

Bitcoin is the most popular cryptocurrency in the world and bitcoin mining operations keep the tokens flowing. Some miners have chosen to list their companies on the stock market, allowing investors a chance to own a piece of these companies. And December 2020 is a month bitcoin mining investors should remember for a while. Just consider some of these returns (through Dec. 23):

Those are some of the best one-month returns investors will ever see. However, all of these stocks pulled back on Wednesday, and some even dropped by double-digit percentages. Why are bitcoin mining stocks so volatile and what should investors expect going forward?

Image source: Getty Images.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

Why FuelCell Energy’s Shares Jumped 24.9% on Wednesday

Next Story

3 Things to Do If You’re Worried Social Security Will Go Bankrupt

Latest from Blog