Bitcoin's correction hits mining stocks hard... Overall weakness in cryptocurrency listed companies.

Source: BlockMedia Original Title: Bitcoin Adjustments Hit Mining Stocks Hard… Overall Weakness in Cryptocurrency Listed Companies Original Link: Recently, the global digital asset market has been continuing its correction amid a combination of adverse factors such as forced liquidations, regulatory delays, and a slowdown in corporate acquisitions, resulting in a generally weak trend for related listed companies' stock prices. Bitcoin has undergone a correction over the past week, dampening investor sentiment across risk assets, and along with this, coin exchanges, mining companies, and crypto treasury-related stocks have also faced downward pressure.

10x Research stated in a recent report that “the sharp decline in Bitcoin prices is due to a combination of global policy uncertainty, delays in cryptocurrency legislation, and a gradual weakening of the corporate buying effect,” and noted that “with a heightened risk-averse sentiment across the market, major listed stocks are also unable to avoid structural adjustments.”

The sector most affected is the mining industry. Marathon Digital( has faced continuous insider selling, leading to a decline in investor sentiment, while Bitdeer) has seen its stock price drop due to facing a class action lawsuit. CleanSpark( experienced downward pressure due to earnings results that fell short of market expectations, coupled with insider share sales and repositioning by institutional investors. Iren) declined alongside the overall adjustment trends of AI and data center-related stocks after the initiation of neutral rating research coverage. TeraWulf( successfully raised substantial funds for building AI and high-performance computing) infrastructure, but concerns about share dilution acted as a burden on its stock price.

Crypto treasury assets showed mixed trends. Despite the launch of new services on some platforms, there were ongoing doubts about short-term monetization potential, which limited stock price rebounds. MicroStrategy( continues to expand its Bitcoin holdings, but concerns over successive capital raises and the resulting stock dilution have restricted stock price increases.

On the other hand, Robinhood) was supported by expectations of growth in the prediction market sector and the 'super app' strategy, while Circle( showed an upward trend in stock prices due to Visa)'s decision to support USDC payments, leading to expectations of expanded cross-border payment solutions.

Metaplanet(, listed on the Japanese stock market, has garnered attention as a prominent Bitcoin-holding company and has attracted interest from local investors. However, Bitmine) experienced a sharp decline in stock price following the news of the resignation of its Chief Financial Officer(. Despite the increased stake from ARK Invest, it is analyzed that they have failed to regain trust.

From a global macro perspective, the US stock market showed mixed trends due to weakened expectations related to AI and the slowdown in employment indicators, while interventions by Asian central banks in the foreign exchange market continued, resulting in a limited weakening of the dollar. Gold prices approached an all-time high due to a preference for safe-haven assets and increased demand for diversified investments, while the yield on 10-year US Treasury bonds showed a downward trend, reflecting the easing of inflation and rising unemployment rates.

10x Research stated that “While a short-term technical rebound may be limited, it is difficult to view it as a full trend reversal as long as liquidity tightening, deleveraging, and regulatory uncertainty persist,” and assessed that “the stock prices of listed companies will continue to be influenced more by the overall market trends rather than individual positive news amid structural pressures.”