Shared of crypto-related stocks are trading lower amid a drop in the price of Bitcoin.
Portfolio Pulse from Benzinga Newsdesk
Crypto-related stocks are experiencing a decline in their trading prices due to a drop in Bitcoin's value.
August 27, 2024 | 2:23 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
CLSK shares are likely to be negatively impacted by the drop in Bitcoin prices, as the company is involved in crypto-related activities.
CLSK is involved in the crypto sector, and a drop in Bitcoin prices typically affects companies in this industry negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
COIN shares are likely to be negatively impacted by the drop in Bitcoin prices, as the company operates a cryptocurrency exchange.
COIN operates a major cryptocurrency exchange, and its stock price is sensitive to changes in Bitcoin's value.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
HIVE shares are likely to be negatively impacted by the drop in Bitcoin prices, as the company is involved in crypto mining.
HIVE is involved in crypto mining, and a decrease in Bitcoin prices can negatively affect its profitability and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HUT shares are likely to be negatively impacted by the drop in Bitcoin prices, as the company is involved in crypto mining.
HUT is involved in crypto mining, and its stock price is sensitive to changes in Bitcoin's value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MARA shares are likely to be negatively impacted by the drop in Bitcoin prices, as the company is involved in crypto mining.
MARA is involved in crypto mining, and a decrease in Bitcoin prices can negatively affect its profitability and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MSTR shares are likely to be negatively impacted by the drop in Bitcoin prices, as the company holds significant Bitcoin assets.
MSTR holds significant Bitcoin assets, and its stock price is sensitive to changes in Bitcoin's value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
RIOT shares are likely to be negatively impacted by the drop in Bitcoin prices, as the company is involved in crypto mining.
RIOT is involved in crypto mining, and a decrease in Bitcoin prices can negatively affect its profitability and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80