Shares of crypto-related stocks are trading lower amid possible profit taking following a surge on Thursday. Crypto stocks gained Thursday after a US judge ruled Ripple sales do not constitute an offer of investment contracts.
Portfolio Pulse from Benzinga Newsdesk
Crypto-related stocks are trading lower due to potential profit taking after a surge on Thursday. This surge was triggered by a US judge ruling that Ripple sales do not constitute an offer of investment contracts.
July 14, 2023 | 6:24 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
ARBK's stock is trading lower due to profit taking after a surge triggered by a favorable ruling on Ripple sales.
The stock is trading lower due to investors selling off to take profits after the recent surge. The surge was triggered by a favorable ruling on Ripple sales, which is relevant to ARBK as a crypto-related stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
BTOG's stock is trading lower due to profit taking after a surge triggered by a favorable ruling on Ripple sales.
The stock is trading lower due to investors selling off to take profits after the recent surge. The surge was triggered by a favorable ruling on Ripple sales, which is relevant to BTOG as a crypto-related stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
CIFR's stock is trading lower due to profit taking after a surge triggered by a favorable ruling on Ripple sales.
The stock is trading lower due to investors selling off to take profits after the recent surge. The surge was triggered by a favorable ruling on Ripple sales, which is relevant to CIFR as a crypto-related stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
EBON's stock is trading lower due to profit taking after a surge triggered by a favorable ruling on Ripple sales.
The stock is trading lower due to investors selling off to take profits after the recent surge. The surge was triggered by a favorable ruling on Ripple sales, which is relevant to EBON as a crypto-related stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
HIVE's stock is trading lower due to profit taking after a surge triggered by a favorable ruling on Ripple sales.
The stock is trading lower due to investors selling off to take profits after the recent surge. The surge was triggered by a favorable ruling on Ripple sales, which is relevant to HIVE as a crypto-related stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
MARA's stock is trading lower due to profit taking after a surge triggered by a favorable ruling on Ripple sales.
The stock is trading lower due to investors selling off to take profits after the recent surge. The surge was triggered by a favorable ruling on Ripple sales, which is relevant to MARA as a crypto-related stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
RIOT's stock is trading lower due to profit taking after a surge triggered by a favorable ruling on Ripple sales.
The stock is trading lower due to investors selling off to take profits after the recent surge. The surge was triggered by a favorable ruling on Ripple sales, which is relevant to RIOT as a crypto-related stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70