Shares of crypto-related stocks are trading lower amid a drop in Bitcoin.
Portfolio Pulse from Benzinga Newsdesk
Shares of crypto-related stocks are trading lower amid a drop in Bitcoin.
May 16, 2024 | 4:32 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
CleanSpark Inc. shares are trading lower due to a drop in Bitcoin prices.
CleanSpark Inc. is involved in the crypto industry, and its stock price is sensitive to Bitcoin price movements. The drop in Bitcoin has led to a decline in CLSK shares.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Coinbase Global Inc. shares are trading lower due to a drop in Bitcoin prices.
Coinbase Global Inc. operates a cryptocurrency exchange platform, and its stock price is highly correlated with Bitcoin prices. The drop in Bitcoin has negatively impacted COIN shares.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Marathon Digital Holdings Inc. shares are trading lower due to a drop in Bitcoin prices.
Marathon Digital Holdings Inc. is a Bitcoin mining company, and its stock price is directly affected by Bitcoin price movements. The drop in Bitcoin has led to a decline in MARA shares.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Riot Platforms Inc. shares are trading lower due to a drop in Bitcoin prices.
Riot Platforms Inc. is involved in Bitcoin mining, and its stock price is sensitive to Bitcoin price movements. The drop in Bitcoin has led to a decline in RIOT shares.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85