Shares of crypto stocks are trading lower amid weakness in Bitcoin.
Portfolio Pulse from Benzinga Newsdesk
Crypto stocks including CLSK, COIN, MARA, and RIOT are trading lower due to the recent weakness in Bitcoin.
August 18, 2023 | 1:07 pm
News sentiment analysis
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NEGATIVE IMPACT
CleanSpark (CLSK) stock is trading lower due to the weakness in Bitcoin.
As a company involved in the cryptocurrency sector, CleanSpark's stock price is directly influenced by the performance of Bitcoin. The recent weakness in Bitcoin has led to a decrease in the stock price of CLSK.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Coinbase (COIN) stock is trading lower due to the weakness in Bitcoin.
As a cryptocurrency exchange, Coinbase's stock price is directly influenced by the performance of Bitcoin. The recent weakness in Bitcoin has led to a decrease in the stock price of COIN.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Marathon Digital Holdings (MARA) stock is trading lower due to the weakness in Bitcoin.
As a digital asset technology company, Marathon Digital's stock price is directly influenced by the performance of Bitcoin. The recent weakness in Bitcoin has led to a decrease in the stock price of MARA.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Riot Blockchain (RIOT) stock is trading lower due to the weakness in Bitcoin.
As a company involved in Bitcoin mining, Riot Blockchain's stock price is directly influenced by the performance of Bitcoin. The recent weakness in Bitcoin has led to a decrease in the stock price of RIOT.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100