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Stock impact report

Crypto stocks make gains after initial bitcoin-related declines [Yahoo! Finance]

Bit Digital, Inc. - Ordinary Share (BTBT) 
Company Research Source: Yahoo! Finance
While bitcoin fell below the $80,000 mark earlier in the day, as of 10:40 am ET, it has crept back over $84,000. The market's reaction underscores the tight correlation between Bitcoin's price and the performance of publicly traded crypto companies. In the U.S., MicroStrategy, heavily invested in Bitcoin, is now up 5%. Coinbase (NASDAQ:COIN), a leading crypto exchange, has gained over 2%. Mining companies are also rising: Riot Platforms (NASDAQ:RIOT) is up 6%, while MARA Holdings has increased 9%, while Bit Digital has rallied 5.9%, CleanSpark (NASDAQ:CLSK) by 7.4%, and Hut 8 by 3.5%. European markets have missed out on the gains. Germany's Northern Data has decreased by 1.4%. Sweden's Safello experienced a 5.6% drop, and Swissquote, offering crypto trading, has fallen 5.1%, indicating investor anxiety. The earlier downturn had mirrored Bitcoin's 25% decline from its peak. Analysts attributed the slump to profit-taking and macroeconomic uncertainties such as tariffs and infla Show less Read more
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