U.S. stocks started the new week strong but slid on Wednesday, allowing the market a chance to cool off reasonably. In the cryptocurrency market, the entire market rose 1.23% with bitcoin advancing past $114,000—only to stop along with the rest.
Wall Street Slips While Bitcoin Miners Shine Midweek
Wall Street is flooded with red today, with the Dow sinking nearly 179 points to 46,113. Nasdaq dropped 76 to 22,497, NYSE fell 63 to 21,484, and the S&P 500 gently decreased by 19 to 6,637. The S&P 500 is deep in blue: Google nearly plunged 2%, Apple lost 1.2%, and Nvidia also slid.
Microsoft and Meta have attempted to bring in small profits, while Tesla stood out with an increase of 4%. The energy and healthcare sectors provided a few bright spots, but overall, the market today looks like a patchwork of losses with Tesla as a rare highlight.
The cryptocurrency rankings are a mixed bag over the past 24 hours. Bitcoin increased slightly by 1.48% to $113,508, while Ethereum (ETH) remained unchanged at $4,161. XRP surged with a strong increase of 4.04% to $2.97, making it one of the standout movers on Wednesday.
BNB increased slightly by 0.44% to $1,015, but Solana (SOL) moved in the opposite direction, decreasing by 0.88% to $213. Dogecoin (DOGE) rose by 2.19% to $0.2436, Tron (TRX) increased by 0.87% to $0.339, and Cardano (ADA) went up by 1.47% to $0.8223.
Hyperliquid (HYPE) rose by 2.49% to $46, and Chainlink (LINK) added 1.01% at $21.84. Along with the surge of spot cryptocurrencies, bitcoin mining stocks are playing defensively, patching up the midweek losses of Wall Street.
However, data collected from bitcoinminingstock.io shows that some miners could not avoid the punch and bore the brunt of the decline in securities. IREN Limited topped the rankings with a hot increase of 12.85% to $47.14, while Hut 8 followed closely with an increase of 6.88% to $37.86. Riot Platforms rose by 5.38% to $17.99, and Cleanspark followed with an increase of 3.88% to $14.45.
Terawulf edged up by 1.42% to $11.40, and Core Scientific barely moved—up 0.05% at $17.01—but nonetheless, the upward trend is positive. Conversely, Bitmine dropped by 4.19% to $51.93, while Applied Digital fell sharply by 4.94% to $23.45. MARA Holdings decreased slightly by 0.39% to $17.64, and Cipher Mining did not stand out, drifting just 0.07% down to $14.14 to end the day.
Wednesday's pricing was a blend of pain and bright spots—Wall Street stumbled and cryptocurrencies cooled off after a quick rebound. However, bitcoin miners attracted much of the attention, some rushing while others staggered. What is the midweek lesson? The market remains balanced between profits and shocks, keeping traders immersed in every click and shift.
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