Bitcoin Plunges Below $62K As Iran Launches Missile Attack On Israel
Portfolio Pulse from Murtuza Merchant
Bitcoin and Ethereum prices plummeted amid escalating Middle East tensions, impacting major crypto-related stocks like Marathon Digital, CleanSpark, Core Scientific, Riot Platforms, and Coinbase.
October 01, 2024 | 5:50 pm
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NEGATIVE IMPACT
CleanSpark's stock fell by almost 6% as the crypto market reacted negatively to geopolitical tensions.
CleanSpark, involved in Bitcoin mining, experienced a stock decline as Bitcoin prices fell, showing its sensitivity to crypto market fluctuations.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Coinbase's stock dropped 8% as the crypto market reacted to geopolitical tensions, reflecting investor nervousness.
Coinbase, a leading cryptocurrency exchange, saw its stock fall as the crypto market reacted negatively to geopolitical tensions, indicating investor nervousness.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Core Scientific's stock declined by about 4% following the drop in Bitcoin prices due to geopolitical tensions.
Core Scientific, a Bitcoin mining company, saw its stock decline as Bitcoin prices fell, indicating its exposure to the crypto market.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Marathon Digital's stock fell nearly 9% due to the sharp decline in Bitcoin prices amid geopolitical tensions.
Marathon Digital, a major Bitcoin miner, saw its stock fall significantly as Bitcoin prices dropped due to geopolitical tensions, reflecting its direct exposure to Bitcoin price movements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Riot Platforms' stock saw a 4% decline as Bitcoin prices dropped amid geopolitical tensions.
Riot Platforms, involved in Bitcoin mining, experienced a stock decline as Bitcoin prices fell, reflecting its sensitivity to crypto market changes.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60