Shares of crypto-linked stocks are trading lower, pulling back after earlier rising on Trump comments in support of a strategic national crypto stockpile.
Portfolio Pulse from Benzinga Newsdesk
Shares of crypto-linked stocks are trading lower after initially rising on comments from Trump supporting a strategic national crypto stockpile.
July 29, 2024 | 6:54 pm
News sentiment analysis
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NEGATIVE IMPACT
BITF shares are trading lower after an initial rise due to Trump's comments on a national crypto stockpile.
BITF, being a crypto-linked stock, initially rose on positive sentiment from Trump's comments but is now trading lower, indicating a short-term negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
COIN shares are trading lower after an initial rise due to Trump's comments on a national crypto stockpile.
COIN, being a crypto-linked stock, initially rose on positive sentiment from Trump's comments but is now trading lower, indicating a short-term negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HIVE shares are trading lower after an initial rise due to Trump's comments on a national crypto stockpile.
HIVE, being a crypto-linked stock, initially rose on positive sentiment from Trump's comments but is now trading lower, indicating a short-term negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HUT shares are trading lower after an initial rise due to Trump's comments on a national crypto stockpile.
HUT, being a crypto-linked stock, initially rose on positive sentiment from Trump's comments but is now trading lower, indicating a short-term negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MARA shares are trading lower after an initial rise due to Trump's comments on a national crypto stockpile.
MARA, being a crypto-linked stock, initially rose on positive sentiment from Trump's comments but is now trading lower, indicating a short-term negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MSTR shares are trading lower after an initial rise due to Trump's comments on a national crypto stockpile.
MSTR, being a crypto-linked stock, initially rose on positive sentiment from Trump's comments but is now trading lower, indicating a short-term negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
RIOT shares are trading lower after an initial rise due to Trump's comments on a national crypto stockpile.
RIOT, being a crypto-linked stock, initially rose on positive sentiment from Trump's comments but is now trading lower, indicating a short-term negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80