Shares of crypto-linked companies are trading lower amid a drop in the price of Bitcoin. The commodity may be experiencing weakness as traders assess the ABC 2024 Presidential Debate.
Portfolio Pulse from Benzinga Newsdesk
Crypto-linked companies' shares are declining due to a drop in Bitcoin prices, possibly influenced by the ABC 2024 Presidential Debate.
September 11, 2024 | 2:58 pm
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NEGATIVE IMPACT
APLD shares are trading lower as Bitcoin prices drop, potentially influenced by the ABC 2024 Presidential Debate.
APLD is a crypto-linked company, and its stock price is sensitive to Bitcoin price movements. The current decline in Bitcoin, possibly due to the debate, is negatively impacting APLD.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
BTBT shares are declining as Bitcoin prices fall, potentially due to the ABC 2024 Presidential Debate.
BTBT, being a crypto-linked company, is affected by Bitcoin price changes. The current drop in Bitcoin, possibly due to the debate, is negatively impacting BTBT.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
COIN shares are trading lower amid a drop in Bitcoin prices, possibly influenced by the ABC 2024 Presidential Debate.
COIN, as a major crypto exchange, is directly impacted by Bitcoin price fluctuations. The current decline in Bitcoin, possibly due to the debate, is negatively affecting COIN.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HIVE shares are declining as Bitcoin prices fall, potentially due to the ABC 2024 Presidential Debate.
HIVE, being a crypto mining company, is affected by Bitcoin price changes. The current drop in Bitcoin, possibly due to the debate, is negatively impacting HIVE.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HUT shares are trading lower amid a drop in Bitcoin prices, possibly influenced by the ABC 2024 Presidential Debate.
HUT, as a crypto mining company, is sensitive to Bitcoin price movements. The current decline in Bitcoin, possibly due to the debate, is negatively affecting HUT.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
IREN shares are declining as Bitcoin prices fall, potentially due to the ABC 2024 Presidential Debate.
IREN, being a crypto-linked company, is affected by Bitcoin price changes. The current drop in Bitcoin, possibly due to the debate, is negatively impacting IREN.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MARA shares are trading lower amid a drop in Bitcoin prices, possibly influenced by the ABC 2024 Presidential Debate.
MARA, as a crypto mining company, is sensitive to Bitcoin price movements. The current decline in Bitcoin, possibly due to the debate, is negatively affecting MARA.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MSTR shares are declining as Bitcoin prices fall, potentially due to the ABC 2024 Presidential Debate.
MSTR, with significant Bitcoin holdings, is directly impacted by Bitcoin price fluctuations. The current drop in Bitcoin, possibly due to the debate, is negatively affecting MSTR.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
RIOT shares are trading lower amid a drop in Bitcoin prices, possibly influenced by the ABC 2024 Presidential Debate.
RIOT, as a crypto mining company, is sensitive to Bitcoin price movements. The current decline in Bitcoin, possibly due to the debate, is negatively affecting RIOT.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
WULF shares are declining as Bitcoin prices fall, potentially due to the ABC 2024 Presidential Debate.
WULF, being a crypto-linked company, is affected by Bitcoin price changes. The current drop in Bitcoin, possibly due to the debate, is negatively impacting WULF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80