Fall of Bitcoin Rate Affected Coinbase, MicroStrategy And Galaxy Digital Stock Prices
Crypto-related stocks Coinbase, MicroStrategy, and Galaxy Digital declined due to a Bitcoin price correction on June 22.
On Monday, the rates of the Bitcoin exchange Coinbase fell to a record low of $210.77 per share. In relation to the opening price during listing, the share price decreased by 44%.
At the time of writing, the asset is trading at $2,22.63. In relation to the opening price of the trading session, their value increased by 2.8%.
MicroStrategy, which has 105,084 BTC on the balance sheet of its subsidiary (MacroStrategy LLC), gained 3.9% last trading session and is trading at $556 per share at the time of writing.
Galaxy Digital, a cryptocurrency trading bank, gained 7.4% during the trading session. At the time of writing, it is trading at $19.87 per share.
On Wednesday, June 23rd, the Bitcoin rate jumped over $33,000. And the cost of the second largest cryptocurrency Ethereum by capitalization dropped below $2,000.