BTC logo
BTC
$111,490.96
0.96%
ETH logo
ETH
$4,027.43
2.30%
USDT logo
USDT
$1.0004
0.04%
BNB logo
BNB
$1,188.45
1.14%
XRP logo
XRP
$2.4248
1.94%
SOL logo
SOL
$194.66
4.88%
USDC logo
USDC
$1.0000
0.00%
DOGE logo
DOGE
$0.1984
2.96%
TRX logo
TRX
$0.3221
1.34%
ADA logo
ADA
$0.6727
4.32%
LINK logo
LINK
$18.13
4.76%
HYPE logo
HYPE
$37.96
4.13%
USDE logo
USDE
$0.9999
0.04%
BCH logo
BCH
$524.24
2.42%
XLM logo
XLM
$0.3262
3.62%
SUI logo
SUI
$2.6927
4.96%
AVAX logo
AVAX
$21.98
2.86%
WBT logo
WBT
$42.13
0.80%
LEO logo
LEO
$9.6299
0.06%
HBAR logo
HBAR
$0.1801
4.65%
BTC logo
BTC
$111,490.96
0.96%
ETH logo
ETH
$4,027.43
2.30%
USDT logo
USDT
$1.0004
0.04%
BNB logo
BNB
$1,188.45
1.14%
XRP logo
XRP
$2.4248
1.94%
SOL logo
SOL
$194.66
4.88%
USDC logo
USDC
$1.0000
0.00%
DOGE logo
DOGE
$0.1984
2.96%
TRX logo
TRX
$0.3221
1.34%
ADA logo
ADA
$0.6727
4.32%
LINK logo
LINK
$18.13
4.76%
HYPE logo
HYPE
$37.96
4.13%
USDE logo
USDE
$0.9999
0.04%
BCH logo
BCH
$524.24
2.42%
XLM logo
XLM
$0.3262
3.62%
SUI logo
SUI
$2.6927
4.96%
AVAX logo
AVAX
$21.98
2.86%
WBT logo
WBT
$42.13
0.80%
LEO logo
LEO
$9.6299
0.06%
HBAR logo
HBAR
$0.1801
4.65%
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Market Rout Prompts Analyst to Slash Bitcoin Miners’ Price Targets by Average of 65%

BTIG’s analyst remains positive on the longer-term outlook for the miners, however, and is sticking with his buy ratings for the stocks.

By Aoyon Ashraf
Updated May 11, 2023, 4:14 p.m. Published Jun 3, 2022, 3:29 p.m.
BTIG has significantly reduced the price targets on the bitcoin mining stocks it covers. (Eugene Mymrin/Getty images)
BTIG has significantly reduced the price targets on the bitcoin mining stocks it covers. (Eugene Mymrin/Getty images)