The post Bitcoin Decline Causes Sharp Drop In Crypto Stocks Ahead Of US Job Report appeared first on Coinpedia Fintech News
The stock of prominent crypto companies experienced significant declines as Bitcoin’s decline intensified. MicroStrategy’s shares plummeted over 6% in premarket trading. The MSTR stock plunged 6.53% to $85.09 today. Bitcoin mining firms like Riot Platforms (RIOT) and Marathon Digital (MARA) suffered losses of 5.64% 6.48% and 8.8%, respectively. Further, Marathon Digital’s June mining output decreased to 590 BTC from 616 BTC in May. Today, the Coinbase (COIN) stock also lost 5.71% and was valued at $212.10 in the pre-market session. Market participants are closely watching the upcoming US jobs report for June.