Crypto Stocks Drop Amid Bitcoin Selloff
By Sabela OjeaShares of Coinbase Global, MicroStrategy, Mara, Block and Riot Platforms dropped after bitcoin prices dropped below $88,000.MicroStrategy led the losses Tuesday, trading down 12%. Mara followed at 11% lower, Riot Platforms was down 8%, Coinbase fell 7.8% and Block was 4.5% weaker.Bitcoin prices have fallen around 12% in February from a closing price of slightly above $100,000 on Feb. 1.The intraday high for Bitcoin over the past year is $109,224.74, made on Jan. 20. The intraday low for Bitcoin over the same period is $49,314.04, set on Aug. 5, 2024.Write to Sabela Ojea at [email protected]