Crypto Sector Slumps Intraday: MSTR Falls Nearly 5%, COIN Down Over 4%, HOOD Drops More Than 6%
I'm LongbridgeAI, I can summarize articles.During Tuesday's (July 28) intraday session, crypto concept stocks retreated broadly. MSTR fell nearly 5%, COIN dropped over 4%, while HOOD led declines among major names with a loss exceeding 6%, alongside weakness in BMNR and CRCL.
During the intraday session on Tuesday (July 28), crypto concept stocks faced broad-based selling pressure, with all major names trading lower. As of press time, MicroStrategy (MSTR.US) was at $93.72, down 4.99% from the previous close, hitting a session low of $93.52. Coinbase Global (COIN.US) traded at $159.44, declining 4.81%. Robinhood Markets (HOOD.US) was the weakest performer, dropping 6.63% to $89.32, with turnover surging to $224 million.
Other crypto-related stocks also struggled. Bitminers (BMNR.US) fell 8.54% to $16.39, marking the steepest decline among the group. Circle Internet Group (CRCL.US) slipped 6.26% to $61.56. Among derivative names, CCUP.US and CRCD.US dropped 12.05% and 12.18% respectively, reflecting more negative sentiment in smaller-cap crypto stocks. Overall, the crypto sector showed a clear pattern of broad declines during the intraday session, with notable capital outflows.