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Cryptocurrency Market Turmoil: Bitcoin Losses Drive Down Crypto Stock Prices

apexlifehub.com 1 day ago

Stock futures showed little change following the Independence Day holiday as investors awaited a crucial jobs report. Crypto Stocks Plunge: The crypto market saw a sharp decline with Bitcoin (BTC-USD) leading the way, dropping nearly 6% to $54,300. This marks the fourth consecutive trading session of losses for the largest cryptocurrency. Ethereum (ETH-USD) also took a hit, plummeting around 10% as a result of Bitcoin's weakness. This downturn has had a ripple effect on various crypto-related stocks, including Riot Platforms (NASDAQ:RIOT) down 6%, MicroStrategy (NASDAQ:MSTR) down 9%, CleanSpark (NASDAQ:CLSK) down 7%, Coinbase (NASDAQ:COIN) down 6%, Bitdeer Technologies (NASDAQ:BTDR) down 11%, HIVE Digital (NASDAQ:HIVE) down 10%, and Marathon Digital (NASDAQ:MARA) down 8%. Investors are closely monitoring the situation as the market navigates through this period of volatility.

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