Shares of crypto-linked stocks are trading lower after Bitcoin fell below $60,000.
Portfolio Pulse from Benzinga Newsdesk
Crypto-linked stocks are experiencing a decline as Bitcoin's price drops below $60,000.
August 28, 2024 | 11:17 am
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NEGATIVE IMPACT
CLSK shares are trading lower due to Bitcoin's price falling below $60,000.
CLSK is a crypto-linked stock, and its price is negatively impacted by the decline in Bitcoin's value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
COIN shares are trading lower as Bitcoin's price drops below $60,000.
COIN, being a major crypto exchange, is directly affected by Bitcoin's price movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
MARA shares are trading lower due to Bitcoin's price falling below $60,000.
MARA, a Bitcoin mining company, sees its stock price affected by Bitcoin's market value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
MSTR shares are trading lower as Bitcoin's price drops below $60,000.
MSTR holds significant Bitcoin assets, making its stock price sensitive to Bitcoin's price changes.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
RIOT shares are trading lower due to Bitcoin's price falling below $60,000.
RIOT, involved in Bitcoin mining, is impacted by the decrease in Bitcoin's price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85