Bitcoin miners experience major losses amid market decline

The price of Bitcoin recently fell below $99,000, marking a 22% drop from its all-time high. Major indexes also dipped, reflecting investor concerns. Additionally, Ethereum and Solana experienced declines of around 7%.

Macroeconomic worries, including inflation and a government shutdown, have impacted market confidence. Leading mining companies, including Bitdeer and Bitfarms, have seen substantial losses, contributing to the overall downturn in crypto stocks.

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