Shares of crypto-related stocks are trading lower amid weakness in Bitcoin and risk-off sentiment.
Portfolio Pulse from Benzinga Newsdesk
Crypto-related stocks, including MARA and RIOT, are experiencing a downturn due to a decrease in Bitcoin value and risk-off sentiment.
August 15, 2023 | 7:48 pm
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NEGATIVE IMPACT
MARA's stock is trading lower due to the decrease in Bitcoin value and risk-off sentiment.
As a company heavily involved in Bitcoin mining, MARA's stock price is closely tied to the value of Bitcoin. The decrease in Bitcoin value and the risk-off sentiment in the market are likely causing the downturn in MARA's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
RIOT's stock is trading lower due to the decrease in Bitcoin value and risk-off sentiment.
RIOT, being a key player in the Bitcoin mining industry, is directly affected by the fluctuations in Bitcoin's value. The current decrease in Bitcoin's value and the risk-off sentiment in the market are likely causing the downturn in RIOT's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100