Crypto-Linked Stocks Dip As Bitcoin Falls Below $60K — Is Retail Feeling The FUD?
Shares of crypto-related stocks fell Wednesday as Bitcoin dipped below $60,000, following its biggest decline since August.
Sentiment is split across top crypto stocks, reacting to ongoing volatility.
$Coinbase (COIN.US)$ : Shares dipped after a 3% drop on Tuesday. Sentiment turned bearish amid insider selling.
$MicroStrategy (MSTR.US)$ : Shares fell pre-market after a 4% drop. Sentiment moved to neutral as investors speculate on Saylor buying the dip.
$MARA Holdings (MARA.US)$ : Shares down 1.8% pre-market, but sentiment remains extremely bullish despite a recent price target cut by JPMorgan.
$CleanSpark (CLSK.US)$ : Shares fell over 5% Tuesday. Despite this, sentiment is bullish as investors look to long-term gains.
Riot Blockchain: Shares dipped pre-market after a 5% drop, yet sentiment is extremely bullish due to a 45% increase in Bitcoin production in July.
$MicroStrategy (MSTR.US)$ : Shares fell pre-market after a 4% drop. Sentiment moved to neutral as investors speculate on Saylor buying the dip.
$MARA Holdings (MARA.US)$ : Shares down 1.8% pre-market, but sentiment remains extremely bullish despite a recent price target cut by JPMorgan.
$CleanSpark (CLSK.US)$ : Shares fell over 5% Tuesday. Despite this, sentiment is bullish as investors look to long-term gains.
Riot Blockchain: Shares dipped pre-market after a 5% drop, yet sentiment is extremely bullish due to a 45% increase in Bitcoin production in July.
Market Influence: $NVIDIA (NVDA.US)$ ’s earnings report could impact risk appetite for assets like Bitcoin. Bitcoin ETFs saw outflows of $127 million, influenced by profit-taking and Fed Chair Powell's recent comments.
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