Bitcoin mining stocks remain volatile in 2024, as their share prices are closely tied to Bitcoin (BTCUSD) prices. In the last month, crypto investors have been worried about a range of macro issues, from geopolitical tensions to sluggish consumer spending and the possibility of an upcoming recession in the U.S.
Moreover, the Bitcoin halving event in April has cut the mining rewards in half, significantly impacting the financials of Bitcoin mining companies such as Marathon Digital (MARA).
