Crypto Mining Stocks At Its Best Performance

Crypto Mining Stocks Achieves New Milestone

Story: Mohd Javed January 17, 2022

Bitcoin has put crypto mining stocks on course for their best monthly performance.

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The 20-member MVIS Global Digital Assets Mining Index is up 64% so far in January, outstripping Bitcoin’s 28% advance.

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It’s the best month since its inception at the end of 2021 and contrasts with last year’s 88% drop.

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The Luxor Hashprice Index is up 21% this year that partly reflects bigger rewards from a higher Bitcoin price.

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Bitcoin fluctuated between gains and losses on Tuesday after outperforming 13 straight days.

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The world’s largest token by market value was trading at about $21,200 in Tokyo.

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Bitcoin remains some 70% below a high of almost $69,000 hit in 2021.

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