In April, Shares of Crypto Companies Went Down Deeper Than Bitcoin Rate

In April, the shares of many mining and other companies related to cryptocurrencies fell in price significantly deeper than the Bitcoin rate.

According to the ForkLog report, during April, the Bitcoin exchange rate fell by 17.3%, and Ethereum — by 16.9%. The total market capitalization fell by 18%.

The fall of the market also affected crypto companies directly. Shares of the largest American crypto exchange Coinbase fell in price by more than 40%, and Bakkt platforms — by 38.1%.

Riot Blockchain fell 50.8% and Marathon Digital fell 45.3%. Shares of the manufacturer of miners Canaan fell in price by 35%.

In addition, in April, the stock market resumed its downward trend. And the technology index Nasdaq Composite rolled back from the peak in the middle of the month by 22.2%. The decline in the S&P 500 was 12.78%.

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