Crypto stock selloff: MicroStrategy shares plunge 17% as Coinbase, Marathon and Riot also fall | Headlines | News | CoinMarketCap

05/01/2024 01:08
Crypto stock selloff: MicroStrategy shares plunge 17% as Coinbase, Marathon and Riot also fall | Headlines | News | CoinMarketCap

After reporting it missed on earnings, and with the price of bitcoin down, MicroStrategy's shares plummeted on Tuesday by as much as 17% before …

After reporting it missed on earnings, and with the price of bitcoin down, MicroStrategy's shares plummeted on Tuesday by as much as 17% before recovering slightly.

MicroStrategy was trading down 15.8%. at $1,086 as of 1:45 p.m. ET, according to Yahoo Finance. Last month, the company's shares also once fell by as much as 16%.

While fellow U.S. crypto stocks like Coinbase, the nation's top exchange, and miners Marathon Digital and Riot Platforms didn't face as large of a selloff, all three companies' shares were also down in midday trading. Coinbase sank as low as 6% while Marathon Digital and Riot Platforms dropped 9% and 7%, respectively.

Shares in the aforementioned miners have seesawed most of this year while both Coinbase and MicroStrategy have largely been enjoying an upward price …

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