Crypto Stocks Fail to Benefit from Bitcoin’s Recent Rally
Despite Bitcoin's impressive recovery, cryptocurrency-related stocks are struggling to pick up steam.As reported by U.Today, the price of Bitcoin recently reached a year-to-date peak of $48,234 on the Bitstamp exchange.Yet, publicly listed cryptocurrency firms are struggling to benefit from the recent rally.
The stock of Bitcoin mining company Stronghold Digital recently plunged by more than 30% after a painful revenue miss that caught some shareholders off guard. The firm's outlook for the rest of 2022 remains grim now that it has admitted that its ambitious hashrate target will not be achievable due to operational issues.
Source
https://t.me/Bitcoin_Crypto_Signals
