Digital Asset Stocks Decline in Tandem with Bitcoin as Traders Adjust for Geopolitical Risks
Deep News
Mar 27
Cryptocurrency-related stocks fell on Friday as Bitcoin's price dropped, with traders repositioning their portfolios in anticipation of a prolonged conflict in the Middle East and its potential economic repercussions.
Bitcoin declined by as much as 4.7% during the session, reaching $65,692.85.
Among the decliners were: Coinbase Global, down 7.1%; Circle Internet Group, down 4.8%; Bullish, down 4.4%; MARA Holdings, down 7.8%; Galaxy Digital, down 6.5%; Robinhood Markets, down 5.5%; Gemini Space Station, down 8.8%; Strategy, down 6.1%; SharpLink, down 4.4%; Bitmine Immersion Technologies, down 4.9%; and BitGo, down 12%.
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