• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
A bear and a bull representing bear trend of bitcoin mining stocks

Think Bitcoin Is Bearish? Check Out These Mining Stocks

Best Owie
by Best Owie
3 years ago
·
Posted in Bitcoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin has continued its bearish trend with prices continuing to struggle in the low $40,000s. This has evidently led to fear and panic among investors as indicators turn bearish. However, despite bitcoin’s recent downtrend, it is still not the worst-performing asset in the crypto space. The mining stocks have taken the cake for the most bearish trend as they have recorded an even higher downtrend and indicators point to negative performance in the coming weeks.

Bitcoin Mining Stocks Suffer

Bitcoin mining stocks had a tremendous run-up in 2021 like most of the market, but going into 2022, they have recorded some of the worst performance. These stocks which usually function as a high-beta bitcoin are highly correlated to bitcoin itself, but happen to be more volatile. This makes them more prone to extensive downtrend than the digital asset which they follow.

Related Reading | Hollywood Celebs Hit With Lawsuit Over Ethereum Max (EMAX) Promotion

This volatility is not all bad though as proven in 2021. Just as the stocks are likely to plummet very fast in a short amount of time, they also do incredibly well in times of price surges due to this volatility. The same is true for when the market turns bearish, as is being presently experienced.

All publicly-traded bitcoin mining stocks have followed the same pattern since the last bull rally. Since then, they have lost about half of their value as the price of bitcoin has dropped, even though the latter has only recorded a 37% loss in the same time period.

Chart showing bitcoin performance versus the mining index

Mining index underperforms bitcoin | Source: Arcane Research

In the two months following BTC hitting its all-time high of $69K, the Arcane Research market cap weighted index which includes 15 of the largest publicly traded bitcoin mining companies has recorded an almost 50% decrease.

Companies With The Worst Performance

With the bearish trend, some bitcoin mining stocks have suffered more than others. A few have shown a strong correlation to the pattern of bitcoin, however, the vast majority continue to demonstrate higher volatility.

Related Reading | Crypto Market Onslaught Continues As Weekly Outflows Reach New Record

Marathon, which is the biggest publicly traded bitcoin mining company, has suffered some of the most devastating losses in the space. The company had grown to prominence with the outperformance of its stock in 2021, but just as it had been the highest performer during that time, it takes the lead for the worst performer in the space.

Marathon had extensively underperformed the mining index, recording a 62% drop following the BTC all-time high in November. Regardless, the mining company still remains the highest valued bitcoin mining company in terms of price and hashrate. It aims to increase its hashrate to 13.3 EH/s by July 2022, which would bring its total hashrate growth to 280% in the space of seven months.

Bitcoin price chart from TradingView.com

BTC recovers above $43K | Source: BTCUSD on TradingView.com
Featured image from Advisor's Edge, charts from Arcane Research and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Best Owie

Best Owie

Follow

Best Owie is a Managing Editor at Bitcoinist with extensive experience and a proficient expert known for crafting captivating and insightful content. Best boasts over six years in the crypto sector, and has supervised the conception and publication of thousands of articles. Best is also a content and marketing strategist with the ability to make sure your content reaches the right audience and beyond. In every aspect, Best stands out as a consummate professional, always striving for unparalleled excellence both within and outside the workplace.

Full Profile

Related Posts

Bitcoin

Bitcoin Golden Cross Suggests Potential Surge To $229,000 – Details

9 hours ago
Bitcoin Mirrors Gold’s Path – Analyst Sets Cycle Top Targets At $160K-$180K

Bitcoin Mirrors Gold’s Path – Analyst Sets Cycle Top Targets At $160K-$180K

10 hours ago
Bitcoin

Double Bullish Pattern Tips Bitcoin For $167,000 Target – Analyst

1 day ago
Bitcoin bull

Time To Long Bitcoin? Market Expert Reveals When $600,000 BTC Will Happen

1 day ago
Bitcoin

$750 Million Bitcoin War Chest: Pompliano Prepping Mega Crypto Fund

2 days ago
Bitcoin Long-Term Holders Add Over 880K BTC In 30 Days – Conviction Growing

Bitcoin Long-Term Holders Add Over 880K BTC In 30 Days – Conviction Growing

2 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • DOGE, XRP, Pi price prediction for June: Cloud mining may...

    3 hours ago
  • XRP and DOGE holders quietly turn to APT Miner, earning...

    16 hours ago
  • 2025’s Best Performing CloudMiner, Holding a Secret...

    19 hours ago
  • XRP and Doge Investors Quietly Move to APT Miner: Earning...

    20 hours ago
  • ETHRANSACTION Mining Platform: “Just tap your phone...

    20 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.