Crypto Mining Stocks Fall Harder Than Bitcoin: Cipher Mining Down 6%, MARA and Riot Drop 4%
📊 BTC — Piyasa Yorumu
▼ down · 60%The sharp decline in crypto mining stocks indicates reduced risk appetite for Bitcoin. BTC has already fallen 1.56% in 24 hours, and the RSI at 36 confirms weak momentum. The MACD is negative and below the signal line, and the price is trading below the SMA20 and SMA50. Selling pressure in mining stocks could also create downward pressure on BTC in the short term. However, as the RSI approaches oversold territory, the decline may be limited.
📊 RIOT — Piyasa Yorumu
▼ down · 60%The news indicates that crypto mining stocks have fallen more sharply than Bitcoin, with RIOT declining 4%. This suggests that selling pressure may continue in the short term. Technical indicators are mixed: RSI at 48.8 is neutral, MACD below the signal line (0.315 < 0.497) indicates weak momentum, but the price is above the SMA50 (20.30) and below the SMA20 (22.02). Although the last close at 21.45 was up 1.47% in 24 hours, the news effect poses downside risk in the short term. Nevertheless, one should not be overly assertive; support levels may hold.
📊 MARA — Piyasa Yorumu
▼ down · 60%The sharper decline in crypto mining stocks compared to Bitcoin indicates weakening risk appetite specific to the sector. For MARA, this news could create short-term selling pressure. Technical indicators are mixed: RSI at 51 is neutral, but MACD is below the signal line and the price is slightly below SMA20. Being above SMA50 maintains medium-term support. In the 1-3 day outlook, downside risk is more dominant, but a sudden recovery in Bitcoin price could reverse this effect.
📊 COIN — Piyasa Yorumu
▼ down · 60%COIN stock fell sharply by over 10% in 24 hours to 173, with RSI at 31.8 approaching oversold territory. MACD is negative and below the signal line, and the price is significantly below SMA20 and SMA50; the short-term trend is downward. The sharp decline in crypto mining stocks in the news indicates weakening risk appetite tied to Bitcoin and continued selling pressure across the sector. This also stands out as a negative catalyst for COIN. However, due to RSI nearing oversold and the possibility that most of the decline may be over, rebound buying could occur; nevertheless, the 1-3 day outlook is predominantly downward.