Bitcoin Mining Stocks Are Falling as Cryptocurrencies Continue to Rise
Bitcoin mining stocks have underperformed in recent weeks despite the rising price of the cryptocurrency. shares of Riot Platforms, Bitfarms, and Bitdeer are hovering near a 20% decline. Industry observers point to market concerns over the upcoming halving of bitcoin, which is expected to occur in late April, as the main reason. Another factor is a proposed 30 percent excise tax on miners' energy use. The Biden administration first imposed such a tax on miners last year, citing environmental concerns. This potential tax is again in the U.S. Treasury Department's 2025 revenue proposal.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
1.9%! Japan’s July inflation rises to the highest of the year, with energy and fresh food prices accelerating
Energy prices turned positive for the first time since November 2025, as Middle East conflicts have driven crude oil costs beyond the government's subsidy hedging range. Wholesale inflation in July reached 7.2%, with electricity costs being the largest contributor, indicating that energy costs have been accelerating from the production end to consumers. Fresh food prices surged by 7% year-on-year, nearly double the rate of the previous month. The stronger data confirms official warnings and further strengthens market expectations that the Bank of Japan may accelerate the tightening of monetary policy.
US Treasury’s “buy bonds to suppress yields” policy backfires against the dollar? Citi significantly lowers its three-month dollar forecast, says it’s not advisable to go long before the midterm elections
As the market gradually digests expectations of a more dovish stance from the Federal Reserve, factors related to the midterm elections, and news that the U.S. Treasury may increase bond buybacks, Citi's FX strategy team has recently turned bearish on the short-term outlook for the U.S. dollar.
WTI consolidates around $86.00; bulls potential intact amid US-Iran impasse
Crypto prices
More
