Last week, Bitcoin’s (BTC-USD) rally demonstrated the positive impact it had on crypto stocks, which tend to outperform Bitcoin itself. However, this is a double-edged sword, and today’s price action highlights that. Indeed, the price of Bitcoin slipped today by 2.82% at the time of writing.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Unfortunately, crypto stocks fell even lower since the underlying price of Bitcoin impacts their financial results. Those affected today include:
- Marathon Digital (NASDAQ:MARA)
- Bit Digital (NASDAQ:BTBT)
- Riot Platforms (NASDAQ:RIOT)
The biggest loser today is RIOT stock, which has seen share prices drop by more than 6% at the time of writing. It is followed by MARA and BTBT, with losses of 4.5% and 3.8%, respectively.
