Bitcoin Falls to Three-Month Low, Weighing on Crypto-Linked Stocks
JH Kim
Summary
- Bitcoin fell to its lowest level in three months, and crypto-linked stocks also weakened.
- Hut 8, a Bitcoin mining company, posted the biggest drop with a 6.0% decline, while Riot Platforms and MARA Holdings each fell 3.9%.
- Robinhood, Coinbase and Bitcoin-holding company Strategy fell 3.2%, 0.5% and 2.1%, respectively.
Forecast Trend Report by Period
Bitcoin fell to its lowest level in three months, pressuring crypto-linked stocks in the U.S. market. Bitcoin mining shares led the declines.
Walter Bloomberg said on November 13 that Bitcoin had touched a three-month low. Shares of Bitcoin miner Hut 8 fell 6.0%, while Riot Platforms and MARA Holdings each dropped 3.9%.
Crypto trading platform-related stocks also weakened. Robinhood fell 3.2%, and Coinbase slipped 0.5%.
Strategy, a corporate Bitcoin holder, declined 2.1%. Among major crypto-linked stocks, Hut 8 posted the biggest drop.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.