Bitcoin slide to one-week low hits crypto-linked stocks
BITO•Cryptocurrency and blockchain-related stocks fell on Wednesday as bitcoin dropped 2.1% to $81,635.42, its lowest level in about a week. Coinbase fell 4.5%, Strategy dropped 5.1%, and crypto miners also declined.
1. Crypto stocks fall
Crypto-linked stocks weakened after bitcoin fell 2.1% to $81,635.42 and Ether dropped 3.2% to $2,429.58. Coinbase Global fell 4.5% and Strategy dropped 5.1%; mining stocks including Riot Platforms, Mara Holdings and Hut 8 also declined. Bitcoin was down 6.8% year to date, while Ether was down 18.4%.
