Circle, Bitcoin Treasuries Lead Crypto Stock Losses Amid Bitcoin Losses
Digital asset-focused stocks plummeted on Wednesday as Bitcoin and other major cryptocurrencies extended their recent slump, even as tech stocks steadied.
Stablecoin issuer Circle closed at $69.72, down nearly 9% after recovering ground lost earlier in the day when it fell below $69, its lowest level since debutick Eng on the New York Stoxchange.
The world’s largest crypto treasury, Strategy, topped a short list of hard-hit companies in the sector, plunging close to 10%, while Ethereum-focused Bitmine Immersion fell 9.6%. Ethereum-tracking Sharplink Gaming sank more than 6%.
Circle, Strategy, and Bitmine rose in after-hours trading after artificial intelligence chip giant Nvidia reported strong third-quarter earnings,…
