CRYPTO STOCKS DECLINE AS BITCOIN PRICES FALL 2%
CRYPTO STOCKS DECLINE AS BITCOIN PRICES FALL 2% • COINBASE GLOBAL DOWN 1.1% • BITFARMS DOWN 3.6% • STRATEGY DOWN 2.5% • RIOT PLATFORMS DOWN 3.5% • HUT 8 MINING DOWN 3.1% • MARA HOLDINGS DOWN 1.9%
Cryptocurrency Stocks Drop as Bitcoin Prices Drop 2% 📉
Shares of cryptocurrency-linked companies retreated on Friday after Bitcoin fell about 2%, extending this week’s broader pullback in digital-asset prices. Coinbase Global slipped between 1.1% and 1.9% in intraday trading, while mining firms Bitfarms and Riot Platforms dropped 3.6% and 3.5%, respectively. Strategy declined 2.5%, Hut 8 Mining lost 3.1% and Marathon Digital Holdings was off 1.9%. Investors often view these stocks as leveraged bets on Bitcoin’s direction, amplifying the impact of even modest moves in the underlying token.