Crypto Mining Stocks Extend Declines as Bitcoin, Ether Prices Fall

Crypto Mining Stocks Extend Declines as Bitcoin, Ether Prices Fall
Crypto mining stocks, which are most levered to bitcoin and ether prices as most have been holding onto the mined coins on their balance sheet, on Monday continued their slump that started in the beginning of the month.Bitcoin prices have fallen almost 17% since reaching $58,000 on Dec. 1, after Federal Reserve Chair Jerome Powell signaled growing discomfort with high inflation, stoking expectations of a faster unwinding of crisis-era stimulus.On Monday, large-cap miners such as Marathon Digital (MARA) and Riot Blockchain (RIOT) both fell more than 5% early on Monday, although Marathon eventually recovered most of those losses. The shares…