Add as a preferred source on GoogleCrypto-Linked Stocks Fall at Open as Strategy Drops 8.05%
Robinhood, Coinbase, Circle and BitMine also fell more than 5%; Bitcoin and Ether were lower over 24 hours.
Crypto-linked U.S. stocks fell at the open Friday, led by Strategy’s 8.05% decline, while four other shares in the sector also lost more than 5% and Bitcoin and Ether posted 24-hour declines.
Strategy (MSTR) fell to $130.23. Robinhood (HOOD) slid 7.94% to $84.32, Coinbase (COIN) dropped 7.75% to $148.15, Circle (CRCL) lost 7.23% to $74.21 and BitMine (BMNR) declined 5.86% to $20.39.
The three major U.S. stock indexes also traded lower after the open. Bitcoin (BTC) was down 3.57% over 24 hours at $77,137, and Ether (ETH) fell 4.39% to $2,219.09 as of 9:35 a.m. ET (13:35 UTC).
Coinbase and Strategy released third-quarter results after Thursday’s market close.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.