Shares of crypto-related companies are trading lower amid a drop in Bitcoin.
Portfolio Pulse from Benzinga Newsdesk
Shares of crypto-related companies are trading lower due to a decline in Bitcoin prices.
October 23, 2024 | 4:45 pm
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NEGATIVE IMPACT
BITF shares are trading lower as Bitcoin prices drop, impacting crypto-related stocks.
BITF is a crypto-related company, and its stock price is sensitive to Bitcoin's price movements. The current drop in Bitcoin has led to a decrease in BITF's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CLSK shares are affected by the decline in Bitcoin prices, leading to lower trading levels.
As a company involved in the crypto sector, CLSK's stock is influenced by Bitcoin's price. The current decline in Bitcoin has negatively impacted CLSK's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
COIN shares are trading lower due to the drop in Bitcoin prices, affecting crypto markets.
COIN, being a major player in the crypto exchange market, is directly impacted by Bitcoin's price fluctuations. The current drop in Bitcoin has led to a decrease in COIN's stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
HIVE shares are down as Bitcoin prices decline, impacting crypto-related stocks.
HIVE, being involved in cryptocurrency mining, is affected by Bitcoin's price. The current decline in Bitcoin has negatively impacted HIVE's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HUT shares are trading lower due to the decline in Bitcoin prices, affecting crypto stocks.
HUT, as a crypto mining company, is sensitive to Bitcoin's price changes. The current drop in Bitcoin has led to a decrease in HUT's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
IREN shares are affected by the drop in Bitcoin prices, leading to lower trading levels.
IREN, being involved in the crypto sector, is influenced by Bitcoin's price. The current decline in Bitcoin has negatively impacted IREN's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
MARA shares are trading lower amid a decline in Bitcoin prices, impacting crypto-related stocks.
MARA, as a cryptocurrency mining company, is affected by Bitcoin's price movements. The current drop in Bitcoin has led to a decrease in MARA's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
RIOT shares are down as Bitcoin prices decline, impacting crypto-related stocks.
RIOT, being involved in cryptocurrency mining, is sensitive to Bitcoin's price. The current decline in Bitcoin has negatively impacted RIOT's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
WULF shares are affected by the decline in Bitcoin prices, leading to lower trading levels.
WULF, as a company involved in the crypto sector, is influenced by Bitcoin's price. The current decline in Bitcoin has negatively impacted WULF's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80