Watch Daily: Monday – Friday, 3 PM ETBitcoin miners fell Thursday, giving back earlier gains, as the price of the cryptocurrency retreated in volatile trading following the U. S. Securities and Exchange Commission’s approval of the first U. S. spot bitcoin exchange-traded funds. The two biggest mining stocks, Marathon Digital and Riot Platforms, each lost more than 15%. Wall Street favorites Iris Energy and CleanSpark fell 9% and 7%, respectively. Investors were taking profits after the price of bitcoin briefly spiked above $49,000 for the first time since December 2021. It has since pulled back to around $46,000. Miners were some of the biggest gainers in the stock market in 2023. Marathon finished last year higher by almost 590%, while Riot rose more than 350%. CleanSpark and Iris
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