Daily News Portal

Cryptocurrency-linked stocks witness downturn as Bitcoin extends losses


Cryptocurrency-related stocks took a hit on Monday as Bitcoin (BTC-USD) extended its losses for the third consecutive session, marking its longest losing streak this month.

In early trading hours on Monday, the flagship cryptocurrency slid 3% to $42,395.

This decline had a

Hive Digital Technologies (NASDAQ:HIVE) took the lead in the decline, with a 7.3% loss. Following closely, Cipher Mining (NASDAQ:CIFR) and TeraWulf (NASDAQ:WULF) experienced a 6% decline, Bitfarms (NASDAQ:BITF) recorded a 5.4% decrease, CleanSpark (NASDAQ:CLSK) dipped by 5.2%, Marathon Digital (NASDAQ:MARA) declined by 4.8%, Riot Platforms (NASDAQ:RIOT) witnessed a 4.9% reduction, Hut 8 Mining (NASDAQ:HUT) experienced a 4.3% downturn, Coinbase Global (NASDAQ:COIN) faced a 3.7% fall, and MicroStrategy (NASDAQ:MSTR) underwent a 3.6% decrease.



Read More:Cryptocurrency-linked stocks witness downturn as Bitcoin extends losses