Crypto Stocks Drop Amid Bitcoin Selloff
Shares of Coinbase Global, MicroStrategy, Mara, Block and Riot Platforms dropped after bitcoin prices dropped below $88,000. MicroStrategy led the losses Tuesday, trading down 12%. Mara followed at 11% lower, Riot Platforms was down 8%, Coinbase fell 7.8% and Block was 4.5% weaker.
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Crypto stocks sank across the board Tuesday as bitcoin fell below $90,000 for the first time since November. Crypto heavyweights Strategy and Coinbase led the declines.
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