U.S. equities kicked off the week on solid footing but slipped by Wednesday, giving the markets a well-deserved cooldown. Over in crypto, the entire market ticked up 1.23% with bitcoin edging past $114,000—only to cool its heels right alongside the rest.
Wall Street Stumbles as Bitcoin Miners Shine Bright Midweek
Wall Street , with the Dow sinking nearly 179 points to 46,113. The Nasdaq slipped 76 to 22,497, the NYSE fell 63 to 21,484, and the S&P 500 eased 19 lower to 6,637. The S&P 500 was a sea of bruises: tumbled almost 2%, Apple lost 1.2%, and Nvidia slipped too.
Microsoft and Meta scraped out tiny gains, while stole the spotlight with a 4% pop. Energy and healthcare offered pockets of green, but overall, today’s market looked like a patchwork of losses with Tesla as the rare bright spark.
was a mixed bag over the past 24 hours. flinched a hair, up 1.48% at $113,508, while ( ) sat flat at $4,161. punched higher with a 4.04% rally to $2.97, making it one of Wednesday’s standout movers.
squeaked out a modest 0.44% gain at $1,015, but ( ) went the other way, slipping 0.88% to $213. Dogecoin (DOGE) wagged higher by 2.19% to $0.2436, tron ( ) tacked on 0.87% to $0.339, and cardano ( ) gained 1.47% at $0.8223.
flexed with a 2.49% pop to $46, and chainlink (LINK) added 1.01% at $21.84. Alongside the spot crypto bump, mining stocks played defense, patching up Wall Street’s midweek paper cuts.
Still, figures collected from shows a few miners couldn’t dodge the punch and took the equities drawdown square on the chin. IREN Limited lit up the leaderboard with a scorching 12.85% jump to $47.14, while Hut 8 hustled right behind with a 6.88% pop to $37.86. flexed with a 5.38% lift to $17.99, and tagged along with a tidy 3.88% climb to $14.45.
Terawulf crept higher by 1.42% to $11.40, and Core Scientific barely moved the needle—up 0.05% at $17.01—but hey, green is green. On the downside, slipped 4.19% to $51.93, while Applied Digital faceplanted hardest with a 4.94% fall to $23.45. MARA Holdings eased 0.39% lower to $17.64, and Cipher Mining kept it boring, drifting just 0.07% down to $14.14 to close out the day.
Wednesday’s tape was a mash-up of bruises and bright spots—Wall Street stumbled and crypto cooled after a quick lift. Yet miners stole a chunk of the spotlight, some sprinting while others limped. The midweek takeaway? are still balancing gains and gut punches, keeping traders glued to every tick and turn.
Author: Jamie Redman
Source: Bitcoin
Reviewed By: Editorial Team
