{"id":29983,"date":"2024-04-30T20:59:56","date_gmt":"2024-04-30T20:59:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/mstr-coin-riot-and-other-crypto-stocks-down-as-bitcoin-dips\/"},"modified":"2024-04-30T20:59:56","modified_gmt":"2024-04-30T20:59:56","slug":"mstr-coin-riot-and-other-crypto-stocks-down-as-bitcoin-dips","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/mstr-coin-riot-and-other-crypto-stocks-down-as-bitcoin-dips\/","title":{"rendered":"MSTR, COIN, RIOT and other crypto stocks down as Bitcoin dips"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_BTC-23-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_BTC-23-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_BTC-23-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_BTC-23-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">MicroStrategy stock was down 10% on Tuesday, while Coinbase and other crypto stocks also dumped.<\/span><\/li>\n<li>Bitcoin price traded to lows of $60,600 before seeing a slight recovery.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/microstrategy\/\">MicroStrategy<\/a>, <a href=\"https:\/\/coinjournal.net\/news\/tag\/coinbase\/\">Coinbase<\/a>, Riot Platforms and Marathon Digital stocks are among crypto-related stocks seeing downside pressure amid <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin\u2019s price<\/a> struggles.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">MicroStrategy stock dumps 10%<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Coinbase\u2019s COIN was down 3% in early trading on Tuesday, hovering around $211.74 while MicroStrategy\u2019s MSTR stock had dumped over 10% to $1,152. The share price of the Michael Saylor led company has declined more than 29% in the past 30 days.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Today\u2019s double-digit dump for the MicroStrategy stock price comes a day after the company reported a net loss in Q1.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite the impairment loss, the BTC buying software intelligence firm reported adding more coins to its holdings. That includes the 122 BTC the company <a href=\"https:\/\/twitter.com\/saylor\/status\/1785037831175630938\" target=\"_blank\" rel=\"noopener\">acquired<\/a> for $7.8 million in April to bring its total haul to 214,400 BTC.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">As BTC struggles, mining stocks see red<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Bitcoin price has struggled since its recent halving and traded near $60k on Tuesday. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The declines came as spot ETF volumes fell, with Hong Kong\u2019s debut of its spot BTC and spot ETH exchange-traded funds seeing volumes and assets that were much lower than anticipated in the days leading to their launch.<\/span><\/p>\n<p><a href=\"https:\/\/coinjournal.net\/news\/btc-slips-amid-poor-debut-for-hong-kong-spot-etfs\/\">Read more here: BTC slips amid tough debut for Hong Kong spot ETFs<\/a><\/p>\n<p><span style=\"font-weight: 400\">Crypto stocks that surged in the pre-halving rally are also seeing a retreat. BTC mining stocks Marathon Digital (MARA), Riot Platforms (RIOT) and Bitfarms (BITF) are all down between 4% and 6% in Tuesday trading.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Hut 8 Corp (HUT) and HIVE Digital (HIVE) are also down today, with their stock prices shedding 4% each. Elsewhere, Bitcoin mining machine maker Ebang International (EBON) was just in the green at +1%, while its competitor Canaan Inc (CAN) traded at -6%.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/mstr-coin-riot-and-other-crypto-stocks-down-as-bitcoin-dips\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) MicroStrategy stock was down 10% on Tuesday, while Coinbase and other crypto stocks also dumped. Bitcoin price traded to lows of $60,600 before seeing a slight recovery. MicroStrategy, Coinbase, Riot Platforms and Marathon Digital stocks are among crypto-related stocks seeing [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":29984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29983"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=29983"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/29984"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=29983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=29983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=29983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}