Crypto Sector Slumps in After-Hours: MSTR Down Nearly 5%, COIN Plunges Over 10%
Complete. Here is the key summaryCrypto-related stocks retreated collectively in after-hours trading, with MSTR falling nearly 5% and COIN plunging over 10%, while HOOD and BMNR also declined amid rising risk aversion.
Crypto-related stocks faced broad selling pressure during after-hours trading, with mainstream names moving lower across the board. As of press time, MSTR.US traded at $92.90 in after-hours, down $0.38 or 4.05% from the previous close. COIN.US showed even greater weakness, slipping to $146.13 in after-hours, extending its intraday decline to over 10% as it continued to probe lower.
Other related names also failed to escape the selloff. HOOD.US edged down 0.12% to $86.46 in after-hours, while BMNR.US fell 1.16% to $17.08. CRCL.US, which has high correlation to crypto assets, dropped 1.46% to $61.70. On the derivative front, CCUP.US and CRCD.US fell 2.90% and 2.02% respectively in after-hours trading. Overall, sentiment remained sluggish following the sharp intraday decline, and investors are advised to remain cautious of short-term volatility.