The Impact of Bitcoin on Stock Prices: MicroStrategy, Coinbase, Marathon, and Riot

Tuesday, 30 April 2024, 17:55

Bitcoin reaching $60,000 triggers a significant selloff in top-performing stocks such as Coinbase and MicroStrategy, causing a 17% plunge. The volatility in cryptocurrency prices directly affects the stock market, leading to notable declines in key players like Marathon and Riot as well.
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The Impact of Bitcoin on Stock Prices: MicroStrategy, Coinbase, Marathon, and Riot

Bitcoin's Influence on the Stock Market

As cryptocurrency continues its momentum towards $60,000, the stock market faces notable fluctuations.

Impact on Top-Performing Stocks

  • MicroStrategy: Plunges 17%
  • Coinbase: Swept by the selloff

These events underline the interconnectedness of cryptocurrency and traditional stocks, with MicroStrategy and Coinbase bearing the brunt of the latest market movements.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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