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 23, 2024 | 7:46 pm
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NEGATIVE IMPACT
CleanSpark Inc. shares are trading lower due to a drop in Bitcoin prices.
CleanSpark Inc. is directly linked to the crypto market, and a drop in Bitcoin prices negatively impacts its stock.
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. is a major cryptocurrency exchange, and its stock is highly sensitive to Bitcoin price movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Iris Energy Ltd. shares are trading lower due to a drop in Bitcoin prices.
Iris Energy Ltd. is involved in Bitcoin mining, and a drop in Bitcoin prices negatively impacts its stock.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Marathon Digital Holdings Inc. shares are trading lower due to a drop in Bitcoin prices.
Marathon Digital Holdings Inc. is a major Bitcoin mining company, and its stock is highly sensitive to Bitcoin price movements.
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 a major Bitcoin mining company, and its stock is highly sensitive to Bitcoin price movements.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85