🧵 1. MicroStrategy sinks 29% pre-market as cryptocurrency stocks take a hit from Bitcoin losses. MarketWatch reports Coinbase down 19%, Marathon Digital -18%, Riot Platforms -13.5%. #crypto
🧵 1. MicroStrategy sinks 29% pre-market as cryptocurrency stocks take a hit from Bitcoin losses. MarketWatch reports Coinbase down 19%, Marathon Digital -18%, Riot Platforms -13.5%. #crypto
🧵 2. Global sell-off unfolds in crypto markets due to regulatory worries, economic uncertainties, and geopolitical tensions.
🧵 3. Major Asian and European stock markets witness sharp declines, reflecting widespread investor anxiety amid crypto market downturn.
🧵 4. Bitcoin falls 15.5% to $51,450; Ethereum drops 22.4% to $3,392. Experts cite regulatory concerns and broader market uncertainties as contributing factors.
🧵 5. CEO of Fideum suggests that the dip in crypto stocks mirrors broader market concerns and specific challenges in the cryptocurrency industry.
🧵 Read more at: https://decrypt.co/243153/microstrategy-down-29-ahead-of-opening-bell-as-crypto-stocks-battered-by-bitcoin-losses