Shares of several crypto-related companies are trading lower amid weakness in the price of Bitcoin.
Portfolio Pulse from Benzinga Newsdesk
Shares of crypto-related companies COIN, MARA, and RIOT are trading lower due to a decline in Bitcoin prices.
December 11, 2023 | 4:53 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Coinbase shares are down in response to falling Bitcoin prices, reflecting market sentiment.
As a prominent cryptocurrency exchange, Coinbase's stock price is highly sensitive to movements in the crypto market, particularly the price of Bitcoin.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Marathon Digital Holdings experiences a decline in share value due to the decrease in Bitcoin prices.
Marathon Digital Holdings, being a Bitcoin mining company, is directly affected by the price of Bitcoin, which influences its revenue potential and stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Riot Blockchain's stock trades lower in correlation with the downturn in Bitcoin's value.
Riot Blockchain's operations in cryptocurrency mining make its stock price particularly vulnerable to changes in the price of Bitcoin.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80