Shares of crypto stocks are trading lower amid weakness in Bitcoin.
Portfolio Pulse from Benzinga Newsdesk
Crypto stocks, including MARA and RIOT, are experiencing a downturn due to the current weakness in Bitcoin.
August 17, 2023 | 3:42 pm
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NEGATIVE IMPACT
MARA's stock is trading lower due to the weakness in Bitcoin.
As a company heavily invested in Bitcoin mining, MARA's stock performance is closely tied to the price of Bitcoin. The current weakness in Bitcoin is negatively impacting MARA's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
RIOT's stock is trading lower due to the weakness in Bitcoin.
RIOT, being a Bitcoin mining company, is directly affected by the price of Bitcoin. The current weakness in Bitcoin is causing a downturn in RIOT's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100