Shares of crypto-related stocks are trading lower amid a pullback in the price of Bitcoin.
Portfolio Pulse from Benzinga Newsdesk
Crypto-related stocks, including BTCM, CLSK, COIN, and MSTR, are trading lower due to a decline in Bitcoin's price.
April 24, 2024 | 4:32 pm
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NEGATIVE IMPACT
BTCM's stock is trading lower as a result of the pullback in Bitcoin's price.
BTCM, being a crypto-related stock, is directly impacted by the fluctuations in Bitcoin's price. The current downturn in Bitcoin has led to a decrease in BTCM's stock value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CLSK's stock is trading lower due to the decrease in Bitcoin's price.
As CLSK is involved in the crypto sector, its stock price is sensitive to changes in the price of Bitcoin. The current pullback in Bitcoin has negatively affected CLSK's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
COIN's stock is trading lower following a decline in the price of Bitcoin.
COIN, being directly linked to the cryptocurrency market, experiences stock price movements in correlation with Bitcoin's price changes. The recent downturn in Bitcoin has led to a decline in COIN's stock value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MSTR's stock is trading lower in response to the pullback in Bitcoin's price.
MSTR's stock price is closely tied to the performance of Bitcoin due to its significant holdings in the cryptocurrency. The current decrease in Bitcoin's price has resulted in a downturn in MSTR's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80