Shares of crypto-related stocks are trading lower amid a pullback in Bitcoin.
Portfolio Pulse from Benzinga Newsdesk
Crypto-related stocks are trading lower due to a decline in Bitcoin's value. This includes companies like BITF, BKKT, BTDR, CAN, CIFR, CLSK, COIN, HUT, MARA, RIOT, SDIG, and WULF.
March 14, 2024 | 3:47 pm
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NEGATIVE IMPACT
BITF's stock is trading lower in response to a decrease in Bitcoin's value.
BITF, being a crypto-related company, is directly impacted by the fluctuations in Bitcoin's value. A decrease in Bitcoin typically leads to a decrease in investor confidence in crypto stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
BKKT's stock is trading lower due to a pullback in Bitcoin.
BKKT's performance is closely tied to the crypto market, especially Bitcoin. A decline in Bitcoin's value negatively affects BKKT's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
BTDR's stock is negatively impacted by the recent decline in Bitcoin.
As a company involved in the crypto sector, BTDR's stock price is sensitive to changes in Bitcoin's value. The current decline in Bitcoin leads to a decrease in BTDR's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CAN's stock is trading lower following a decrease in Bitcoin's value.
CAN, being in the crypto industry, experiences stock price movements in correlation with Bitcoin's performance. The current downturn in Bitcoin leads to a decrease in CAN's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CIFR's stock is trading lower amid a pullback in Bitcoin.
CIFR's business is directly impacted by the crypto market's performance, particularly Bitcoin. A decline in Bitcoin's value results in a decrease in CIFR's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CLSK's stock is trading lower due to a decrease in Bitcoin's value.
CLSK, a company involved in the crypto space, sees its stock price affected by Bitcoin's market movements. The current decrease in Bitcoin leads to a decline in CLSK's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
COIN's stock is trading lower following a pullback in Bitcoin.
COIN, being a major player in the cryptocurrency exchange market, is significantly impacted by Bitcoin's value fluctuations. A decrease in Bitcoin's value leads to a decrease in COIN's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HUT's stock is trading lower due to a decline in Bitcoin's value.
HUT, a crypto mining company, is directly affected by the price movements of Bitcoin. A decrease in Bitcoin's value results in a decrease in HUT's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MARA's stock is trading lower amid a pullback in Bitcoin.
MARA, being heavily involved in Bitcoin mining, experiences stock price fluctuations in direct correlation with Bitcoin's market performance. The current pullback in Bitcoin leads to a decrease in MARA's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
RIOT's stock is trading lower due to a decrease in Bitcoin's value.
RIOT, a Bitcoin mining company, sees its stock price directly impacted by Bitcoin's value fluctuations. The current decrease in Bitcoin leads to a decline in RIOT's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SDIG's stock is trading lower following a pullback in Bitcoin.
SDIG, involved in the crypto mining industry, is affected by the performance of Bitcoin. A decline in Bitcoin's value negatively impacts SDIG's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
WULF's stock is trading lower due to a decline in Bitcoin's value.
WULF, as a company in the crypto sector, experiences stock price movements in line with Bitcoin's market trends. The current downturn in Bitcoin leads to a decrease in WULF's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80