Coinbase, Strategy lead crypto stocks lower as bitcoin tumbles below $90,000 for first time since November
Published On Feb 25, 2025, 9:33 AM
Coinbase and other crypto stocks fell as Bitcoin dropped below $90,000 for the first time since November. Major players like MicroStrategy and Coinbase experienced significant declines of over 5% and 3% respectively. Bitcoin's value has decreased nearly 15% in the last month following a previous rally. Market pressures include macroeconomic concerns about inflation and recent negative events for the crypto sector, including a major heist affecting another exchange and controversies surrounding meme coins launched by former President Trump.
Stock Forecasts
COIN
Negative
With Bitcoin falling under significant psychological levels, the momentum is likely to push crypto stocks further down in the short term. Given the current volatility in crypto markets and rising inflation concerns, investors might prefer to stay cautious about investing in crypto-related stocks right now.
MSTR
Negative
As a major player in the crypto space and heavily invested in Bitcoin, MicroStrategy is likely to face ongoing downward pressure on its stock as associated risks with falling Bitcoin prices mount. Their exposure may deter investors significantly.
RIOT
Negative
While these companies have potential for recovery in a bullish Bitcoin market, the immediate outlook involves continuing declines as Bitcoin struggles to maintain its value, indicating a potential short position or selling opportunity for investors.
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