Nov 18, 2025
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Crypto Stocks Drop as Bitcoin Falls Below $90k Amid Market Sell-Off
On Nov. 18, Bitcoin broke below $90k due to uncertainty over rate cuts, affecting crypto-related equities.
- U.S. BTC ETFs experienced significant outflows in mid-November, with $1 billion withdrawn in a week.
- The hashprice hit multi-month lows as Bitcoin prices softened and mining difficulty remained high.
- Major crypto miner stocks were severely impacted, alongside firms investing in cryptocurrencies.
Coinbase and MicroStrategy Impact
- Coinbase (COIN) fell by 7.06%, closing at $263.95 on Nov. 17, amid broader selling across crypto-exposed tech.
- MicroStrategy (MSTR) saw a 2.17% decrease, closing at $195.42, yet continued its Bitcoin acquisitions.
BTC Mining Stocks Performance
- Marathon Digital (MARA): $11.51, -4%
- Riot Platforms (RIOT): $13.88, -0.5%
- CleanSpark (CLSK): $10.61, -3.19%
- Hut 8 (HUT): $37.7, +2%
- IREN (IREN): $47.41, +1.04%
Overall, the market reaction varied among major mining stocks, influenced by factors such as power costs and diversification strategies.