Top Bitcoin Stocks to Watch Today - March 14

Investors interested in the cryptocurrency market may want to consider stocks related to Bitcoin, as these companies provide various services ranging from mining to investing in the digital currency. Today, we highlight five notable Bitcoin stocks that are attracting attention.

iShares Bitcoin Trust (IBIT)

The iShares Bitcoin Trust is an exchange-traded fund (ETF) designed to track the performance of Bitcoin. Launched by BlackRock on January 5, 2024, the trust primarily focuses on holding long positions in Bitcoin while shorting U.S. dollars. In recent trading, the price of IBIT increased by $2.79, reaching $48.31, with a trading volume of over 19 million shares. The stock has shown a 12-month low of $28.23 and a high of $61.75. Investors keep a keen eye on the stock's moving averages, with its 50-day average at $54.18 and the 200-day at $47.51.

Marathon Digital Holdings (MARA)

Marathon Digital Holdings has been active in the Bitcoin mining sector. On Friday, the stock rose by $1.08, reaching $13.24, with a trading volume of approximately 23 million shares. Marathon exhibits a solid financial structure with a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock's market cap is about $4.58 billion, with a P/E ratio of 16.75. Over the past year, MARA has fluctuated between $12.05 and $30.28, with the moving averages sitting at $16.73 and $18.26 respectively.

CleanSpark (CLSK)

CleanSpark operates as a Bitcoin mining company focused on sustainable practices, utilizing low-carbon energy in its data centers. The stock traded up by $0.20 to $7.89, with about 9.6 million shares exchanged. CleanSpark has experienced a 52-week low of $7.22 and a high of $24.72. The company holds a market cap of $2.21 billion and a relatively high P/E ratio of 71.87, reflecting its growth potential.

Riot Platforms (RIOT)

Riot Platforms is another key player in the Bitcoin mining industry. The company's stock climbed $0.51 to reach $7.82, with a trading volume of around 8.5 million shares. Riot operates various segments including Bitcoin mining and data center hosting. Its current market cap sits at approximately $2.74 billion, and it has recorded a P/E ratio of 18.18 over the past year, with stock prices ranging from $6.36 to $15.87.

TeraWulf (WULF)

TeraWulf is a Bitcoin mining firm known for its sustainable energy solutions. On Friday, the stock price increased by $0.24 to $3.23, with trading volumes reaching 19 million shares. The stock has a wide trading range, with a 52-week low of $1.57 and a high of $9.30. With a market cap of $1.24 billion and a P/E ratio of -16.33, TeraWulf represents an intriguing opportunity for investors focused on market volatility.

These five stocks are garnering attention today, and their performance can significantly reflect the broader Bitcoin market dynamics.

Bitcoin, Stocks, Investment