Crypto Sector Slides in Regular Session; MSTR Down Nearly 2%, COIN Down Nearly 3%
I'm LongbridgeAI, I can summarize articles.Crypto concept stocks retreated collectively during regular trading, with mainstream names all moving lower. MicroStrategy fell nearly 2%, Coinbase dropped nearly 3%, Robinhood plunged over 7%, Bitminer declined over 4%, and Circle slipped nearly 1%.
Crypto concept stocks retreated collectively during Thursday's regular trading session, with mainstream names all moving lower. As of press time, multiple stocks in the sector posted significant declines, reflecting cautious market sentiment.
Specifically, MicroStrategy (MSTR.US) traded down 1.37% at $92.35, with the stock touching a high of $93.68 and a low of $89.76 during the session, on turnover of approximately $925 million. Coinbase Global (COIN.US) showed weakness, falling 2.36% to $157.35, trading within a range of $153.80 to $161.00, with turnover around $656 million. Robinhood Markets (HOOD.US) led the declines, plunging 7.02% to $94.45, hitting an intraday low of $93.03, with turnover reaching $1.815 billion, indicating significant capital outflow.
In other related names, Bitminer (BMNR.US) fell 4.61% to $15.83, while Circle (CRCL.US) slipped 0.12% to $62.26. Additionally, derivative instruments Coinbase USD (CCUP.US) edged up 0.36% to $1.40, and Coinbase EUR (CRCD.US) gained 0.16% to $6.17. Overall, crypto-related equities faced significant selling pressure during today's regular session, and investors should monitor subsequent market developments.