Posted 1/2/2024, 9:53:00 PM
Bitcoin Miners and Crypto Stocks Retreat From Highs Despite Bitcoin Price Rally
- Coinbase shares fell nearly 10% despite bitcoin rallying to 21-month high above $45K
- Bitcoin miners like Marathon Digital and Riot Platforms also declined 1-2% despite early gains
- Declines came as crypto stocks seemed overvalued after huge gains last quarter per research firm
- Analysts expect imminent bitcoin spot ETF approval to bring in over $14B in first year
- Bitcoin retreated from $45K day high to $44.9K, still up 3% over past 24 hours