I'm LongbridgeAI, I can summarize articles.During Tuesday (July 22) trading, crypto concept stocks retreated broadly. MicroStrategy fell 1.66% to $100.26, Coinbase dropped 2.60% to $171.27, and Circle declined 4.50% to $67.88.
During intraday trading on Tuesday (July 22), crypto concept stocks retreated broadly, with mainstream names all in the red. As of 4:45 p.m. ET, most stocks in the sector posted notable declines amid cautious market sentiment.
Leader MicroStrategy (MSTR.US) fell 1.66% intraday to $100.26, touching a low of $98.13 during the session on turnover exceeding $714 million. Cryptocurrency exchange operator Coinbase (COIN.US) traded weakly, down 2.60% to $171.27, dipping to a session low of $168.32 with volume of 3.32 million shares. Robinhood (HOOD.US) fell 0.49% to $105.84, while Bitmine Immersion Technologies (BMNR.US) bucked the trend, rising 3.19% to $17.78, standing as one of the few gainers in the sector. Circle (CRCL.US) was the worst performer, down 4.50% to $67.88, with significant intraday volatility.
Among derivative names, CCUP.US fell 8.49% to $1.67 intraday, while CRCD.US rose 8.21% to $5.27, indicating heightened volatility in smaller crypto-related names. Overall, the crypto sector faced selling pressure during the session, with investors advised to monitor Bitcoin's trajectory and macro policy developments for further sector impact.