Crypto Sector Slides in Post-Market: MSTR Down Near 5%, COIN Plunges Almost 12%
Complete. Here is the key summaryCrypto concepts weakened in post-market trading with major stocks falling across the board. MicroStrategy dropped nearly 5%, while Coinbase extended losses to almost 12%, joined by declines in Robinhood and Bitminer.
Crypto concept stocks faced collective pressure during the US post-market session, with the sector showing broad declines. As of press time, MicroStrategy (MSTR.US) traded at $92.85 in after-hours, down approximately 4.64% from the previous close. Coinbase Global (COIN.US) saw a more significant drop, plunging nearly 11.84% to $145.75.
Other related stocks also retreated, with Robinhood Markets (HOOD.US) falling 0.38% to $86.23 and Bitminer (BMNR.US) slipping 1.19% to $17.07. Circle Internet Financial (CRCL.US) declined 1.63% to $61.59. Among derivative plays, CCUP.US and CRCD.US recorded drops of 2.17% and 3.20% respectively, reflecting cautious market sentiment.
During regular trading hours, the sector already showed signs of divergence. MSTR.US fell 4.56% for the day, while COIN.US dropped 10.59%. HOOD.US managed to hold relatively steady with a slight 0.05% decline. The intensified selling pressure in after-hours trading may stem from investor concerns over short-term volatility in the cryptocurrency market, prompting profit-taking or risk-off moves before the close.