Shares of crypto-related stocks are trading lower amid a pullback in Bitcoin.
Portfolio Pulse from Benzinga Newsdesk
Crypto-related stocks such as BITF, COIN, MARA, MSTR, and RIOT are trading lower due to a decline in Bitcoin's value.
March 22, 2024 | 7:11 pm
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NEGATIVE IMPACT
BITF shares are trading lower following a decrease in Bitcoin's price.
BITF, being a crypto-related stock, is directly impacted by the fluctuations in Bitcoin's price. A decrease in Bitcoin's value typically leads to a decrease in BITF's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
COIN's stock price is down in response to a pullback in Bitcoin.
COIN, being closely tied to the cryptocurrency market, experiences a decline in its stock price as Bitcoin's value decreases.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MARA's shares are trading lower due to a decrease in Bitcoin's price.
MARA's stock price is negatively affected by the downturn in Bitcoin's price, given its direct involvement in the cryptocurrency sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MSTR's stock price declines in response to a pullback in Bitcoin.
MSTR, which holds significant Bitcoin assets, sees its stock price decrease as the value of Bitcoin falls.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
RIOT shares are trading lower following a decrease in Bitcoin's price.
RIOT, a company involved in cryptocurrency mining, is impacted by the decrease in Bitcoin's price, leading to a decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80