Bitcoin mining stocks took a hit recently following the news that Microsoft will be delaying its data center expansion in the United States

With stocks of Bitcoin miners such as Bitfarms, Marathon Digital, and CleanSpark dropping by 4% to 12%, the Bitcoin price also took a hit.

Bitcoin mining stocks took a hit recently following the news that Microsoft (NASDAQ:MSFT) will be delaying its data center expansion in the United States.

Stocks of Bitcoin miners such as Bitfarms (NASDAQ:BITF), Marathon Digital (NASDAQ:MARA), and CleanSpark (NYSE:CLSK) dropped by 4% to 12% on Wednesday.

The BTC price also took a hit with the news. BTC set a new all-time high at $85K on Wednesday, and it broke through the psychological barrier. However, it couldn’t sustain the gains and slid back. At press time, the BTC price had dipped below its $85K support. A bounce could be seen at $84.8K, which could be an immediate resistance level to watch.

BTC/USD 4-Hour Chart

As the crypto market continues to be volatile, investors may prefer to load up on some of the best crypto to buy now. The upcoming months may likely become even more uncertain.

Best Crypto to Buy Now

BTC Bull

BTC Bull is a new token that’s aiming to capture the energy of Bitcoin and repackage it into a faster-moving, lower-barrier asset that’s easier for everyday traders to engage with.

BTC Bull is closely related to Bitcoin, and it’s designed to move in tandem with the BTC price. However, the token’s ecosystem is designed to provide faster-paced engagement, with a series of community milestones and airdrops that are timed to keep participation high throughout the year.

The token’s supply also shrinks over time through a burn mechanism, which is intended to create scarcity and encourage long-term holding.

Those who prefer an asset with a more direct impact on DeFi protocols may prefer to look at Ondo, which is one of the most talked-about projects with real utility.

Ondo is a protocol that connects traditional assets with blockchain infrastructure, offering tokenized exposure to things like U.S. Treasuries and real-world bonds.

In a market where corporate entities are beginning to look more seriously at crypto, Ondo’s relevance increases almost by default. GameStop’s Bitcoin announcement hints at a broader shift—one where major companies may begin allocating portions of their treasury into digital assets.

That opens the door not only to crypto-native tokens, but also to projects like Ondo that make familiar assets accessible on-chain.

The protocol has already attracted institutional-level interest for its tokenized yield products. Its governance token ONDO plays a central role in shaping the platform’s future, giving holders a voice in how the system expands and evolves.

Its token is currently sitting under $1, which could be a great price point for those looking to make some serious gains with a large-cap token.

888 Holdings (OTC:DRIVF) recently announced that it took a hit from surging interest rates and the prospect of a U.S. recession. Despite reporting a record revenue of $274.6 million in the second quarter, which marks an increase of 100% year-over-year,