Crypto Stocks Decline as Strategy Hits 4-Month Low at $336
Crypto-related stocks fell significantly on Tuesday as the market declined, with Bitcoin dropping to $113,000.
- MicroStrategy (MSTR) decreased by 7.8%, closing at $336.
- SharpLink Gaming (SBET) and BitMine (BMNR) lost 8%-9%.
- DeFi Development (DFDV) fell by 13.7%; Upexi (UPXI) dropped 9%.
- Galaxy (GLXY) slid 10%; Robinhood (HOOD) sank 6.5%; Coinbase (COIN) fell 5.8%.
- MARA Holdings (MARA), a Bitcoin miner, declined nearly 6%.
- Bitdeer (BTDR), IREN (IREN), and Hut 8 (HUT) plummeted close to 10%.
Market risk appetite diminished ahead of Fed Chair Jerome Powell's speech on Friday at Jackson Hole, Wyoming.