The Plummeting of Stocks Connected to Bitcoin, Ethereum, and Dogecoin

Shares of Bitfarms Ltd and Marathon Digital Holdings Inc, two crypto-related companies, have dipped due to the weakness of Bitcoin and Ethereum, as well as uncertainty in the broader crypto sector. The decline in stocks comes as traders and investors await the Federal Open Market Committee’s (FOMC) interest rate decision on Wednesday. While the rate hike itself won’t have a significant impact on the markets, the language used in the policy statement by the FOMC could be a major catalyst. Marathon Digital owns crypto-currency mining machines, while Bitfarms is a bitcoin self-mining company. Marathon Digital shares fell by 12.02% to $8.86, while Bitfarms shares dropped by 4.74% to $1.10.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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