Dec 7th 2021
Mining stocks tumble amid bitcoin sell-off
The mining index decreased more than bitcoin over the past seven days – showing us how volatile mining stocks are.
The mining index comprises 15 of the biggest publicly listed mining companies, weighted by market cap. It is up 134% over the year, while bitcoin has increased 74%.
The mining index shaved off a significant part of its massive gains this year as it tumbled following the bitcoin sell-off last weekend.