Why Crypto Stocks Dropped Like Rocks Today

·3 min read
Why Crypto Stocks Dropped Like Rocks Today

The world of cryptocurrencies was thrown for a loop over the weekend as Elon Musk suddenly soured on the industry. As I'm writing, Bitcoin is down 9.2% in the last 24 hours, Ethereum is down 9.8%, and Dogecoin is down 7.4%. Today, some of the biggest losers are CleanSpark (NASDAQ: CLSK) with a 10.7% drop, Riot Blockchain (NASDAQ: RIOT) with a loss of 13.5%, Grayscale Bitcoin Trust (OTC: GBTC), which dropped as much as 14.4%, and Marathon Digital Holdings (NASDAQ: MARA), which lost as much as 12% of its value.

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