Cryptocurrency Stocks Slide as Bitcoin Dips Below Key Level

Jan 13, 2025

Cryptocurrency-related stocks experienced significant declines. Canaan Inc. (CAN, Financial) saw its shares drop by 9%, MicroStrategy (MSTR) fell 6%, and Coinbase (COIN) decreased by 5%.

The downturn in these stocks was influenced by Bitcoin's performance, which briefly fell below $91,000, marking a 4.5% decrease within the day.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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