Why Bitcoin- And Ethereum-Related Stocks Are Getting Hammered
Portfolio Pulse from Henry Khederian
Crypto-related stocks Coinbase Global Inc (COIN), Marathon Digital Holdings Inc (MARA), and Riot Platforms Inc (RIOT) are trading lower amid broader weakness in cryptocurrencies, following the SEC's lawsuit against Binance for alleged U.S. securities violations.
June 05, 2023 | 4:21 pm
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NEGATIVE IMPACT
Coinbase Global Inc (COIN) shares are trading lower by 11.05% to $57.42 due to the SEC's lawsuit against Binance, causing broader weakness in cryptocurrencies.
The SEC's lawsuit against Binance has caused a broader weakness in cryptocurrencies, which has negatively impacted Coinbase Global Inc (COIN) shares, causing them to trade lower by 11.05% to $57.42.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Marathon Digital Holdings Inc (MARA) shares are trading lower by 8.64% to $9.16 due to the SEC's lawsuit against Binance, causing broader weakness in cryptocurrencies.
The SEC's lawsuit against Binance has caused a broader weakness in cryptocurrencies, which has negatively impacted Marathon Digital Holdings Inc (MARA) shares, causing them to trade lower by 8.64% to $9.16.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Riot Platforms Inc (RIOT) shares are trading lower by 10.38% to $10.50 due to the SEC's lawsuit against Binance, causing broader weakness in cryptocurrencies.
The SEC's lawsuit against Binance has caused a broader weakness in cryptocurrencies, which has negatively impacted Riot Platforms Inc (RIOT) shares, causing them to trade lower by 10.38% to $10.50.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100