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InvestmentsHere's why Bitcoin mining stocks have been outperforming BTC price in 2021...

Here’s why Bitcoin mining stocks have been outperforming BTC price in 2021 By Cointelegraph


Here’s why Bitcoin mining stocks have been outperforming BTC price in 2021

(BTC) would possibly have outperformed conventional monetary markets relating to funding returns, however the cryptocurrency nonetheless fell behind Bitcoin-related firms.

The price of BTC climbed by about 290% year-over-year, whereby it surged from $10,695 to a bit over $42,000. In comparability, shares of Marathon Digital Holdings (MARA), one of many largest North American crypto mining firms, rose by 1,641% in the identical interval.

MARA inventory weekly price chart. Source: TradingView.com
The efficiency of spot Bitcoin versus crypto-focused stocks in a 12 months. Source: Ecoinometrics