Shares of crypto-linked stocks are trading lower amid a drop in the price of Bitcoin.
Portfolio Pulse from Benzinga Newsdesk
Shares of crypto-linked stocks are trading lower amid a drop in the price of Bitcoin.
July 18, 2024 | 3:35 pm
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NEGATIVE IMPACT
Coinbase shares are trading lower due to a drop in Bitcoin prices.
Coinbase's business is closely tied to the performance of Bitcoin and other cryptocurrencies. A drop in Bitcoin prices typically leads to lower trading volumes and revenues for Coinbase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Marathon Digital Holdings shares are trading lower due to a drop in Bitcoin prices.
Marathon Digital Holdings is a major Bitcoin mining company. A drop in Bitcoin prices directly impacts its profitability and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MicroStrategy shares are trading lower due to a drop in Bitcoin prices.
MicroStrategy holds a significant amount of Bitcoin on its balance sheet. A drop in Bitcoin prices negatively affects the company's asset value and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Riot Platforms shares are trading lower due to a drop in Bitcoin prices.
Riot Platforms is a major Bitcoin mining company. A drop in Bitcoin prices directly impacts its profitability and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Terawulf shares are trading lower due to a drop in Bitcoin prices.
Terawulf is involved in Bitcoin mining. A drop in Bitcoin prices directly impacts its profitability and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100