Bitcoin briefly slipped to $72,863 on Bitstamp on Tuesday, but publicly traded mining stocks managed to post mixed to positive daily performance, even as U.S. stock indexes closed firmly in the red.
Bitcoin miners defy red screens amid geopolitical unrest
Bitcoin’s decline follows a surge in risk aversion after Reuters reported that the United States shot down an Iranian drone approaching an aircraft carrier, roiling global markets. While stocks like Strategy (MSTR) and Coinbase (COIN) weakened alongside this move, Bitcoin has stabilized near the $76,000 level at press time, helping miners avoid greater damage.
Among the top miners by market capitalization, according to statistics from bitcoinminingstock.io, IREN Limited was trading at $54.47, up 2.61% on the day despite being down 8.97% over 5 days. Applied Digital climbed 5.37% to $36.67, narrowing its weekly loss to 3.67%, while Cipher Mining added 2.81% to $16.25, although it remains down 8.16% over five days.
Hut 8 Corp. rose 5.01% to $59.00, outperforming its peers on a daily basis, while Terawulf, Inc. I stood out as the only miner with gains in both periods, jumping 10.08% on the day and 1.75% over five sessions. Terawulf explained on Tuesday that the company’s new acquisitions now provide it with approximately 1.5 gigawatts (GW) of new capacity.
Terawulf said it has reclaimed “strategically located” industrial infrastructure sites in Maryland and Kentucky, transforming old industrial footprints into new mining real estate. This is the reason why WULF edged out the rest of the top ten.
Not all miners participated in the rebound. Riot Platforms rose just 0.19% to $15.35 but remains down 9.54% for the week. Core Scientific, Inc. fell 0.72% to $17.74, while MARA Holdings, Inc. fell 0.76% to $9.05.
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Weekly pressure was evident elsewhere, with Cleanspark up 2.89% on the day but down 9.76% over five days, and Bitdeer Technologies sliding 1.74% on the day to $12.96, down 2.26% on the week.
The split performance suggests investors are selectively rotating within the mining sector, favoring balance sheet strength and operational scale as Bitcoin attempts to stabilize after a volatile session. Despite this, in terms of operations, the network’s hash price has become very low, at $34.18 per petahash per second (PH/s) on Tuesday.
FAQs ❓
- Why did bitcoin fall on February 3, 2026? Bitcoin fell after geopolitical news increased risk aversion in global markets.
- Did all Bitcoin miners rise on Tuesday?No, daily gains were mixed, with some miners posting modest losses.
- Which miner achieved the best results over both periods?TeraWulf was the only top miner to post both 1-day and 5-day gains.
- Where is Bitcoin currently trading? Bitcoin is hovering around $76,000 at press time.