Rapidly rising interest rates in 2022 have undoubtedly dampened the economic outlook, and it has caused a massive sell-off in earlier-stage growth companies in favor of more stable and profitable enterprises. Businesses in the tech sector have been particularly hard hit. One of those is payments innovator Block (NYSE: SQ), formerly known as Square. Read More...
Motley Fool
Better Bitcoin Stock: Coinbase vs. Marathon Digital Holdings
Bitcoin’s (CRYPTO: BTC) price hit an all-time high of $67,567 last November. The world’s top cryptocurrency lost its luster as inflation, rising interest rates, and other macro headwinds drove investors away from riskier investments. Coinbase (NASDAQ: COIN), one of the world’s largest cryptocurrency exchanges, and Marathon Digital (NASDAQ: MARA), one of the market’s top Bitcoin mining companies, both shed more than 80% of their value this year.
