Shares of crypto stocks are trading lower amid a drop in Bitcoin.
Portfolio Pulse from Bill Haddad
Crypto stocks are trading lower due to a drop in Bitcoin's value.
September 11, 2023 | 7:47 pm
News sentiment analysis
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NEGATIVE IMPACT
CleanSpark's stock is likely to be negatively impacted by the drop in Bitcoin.
As a company involved in the crypto industry, CleanSpark's stock price is likely to be influenced by the performance of Bitcoin.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Coinbase's stock is likely to be negatively impacted by the drop in Bitcoin.
As a cryptocurrency exchange, Coinbase's stock price is likely to be influenced by the performance of Bitcoin.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Marathon Digital Holdings' stock is likely to be negatively impacted by the drop in Bitcoin.
As a digital asset technology company, Marathon Digital Holdings' stock price is likely to be influenced by the performance of Bitcoin.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MicroStrategy's stock is likely to be negatively impacted by the drop in Bitcoin.
As a company that holds a significant amount of Bitcoin, MicroStrategy's stock price is likely to be influenced by the performance of Bitcoin.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Riot Blockchain's stock is likely to be negatively impacted by the drop in Bitcoin.
As a company involved in Bitcoin mining, Riot Blockchain's stock price is likely to be influenced by the performance of Bitcoin.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100