Crypto stocks sink as spot volume plunges and bitcoin tumbles below $84,000
Stocks tied to the crypto sector continued big January declines on Thursday as bitcoin declined 6% to below $84,000.
Coinbase (COIN), the largest publicly traded crypto firm by market capitalization, is down 7% today, 17% year-to-date, and on track to register an eight-session losing streak, its longest since September 2024. At the current $195, the stock has retraced to its May 2025 level.
Shares of competing crypto exchange Gemini (GEMI) are down 8% Thursday and 21% year-to-date, while crypto platform Bullish (BLSH) and Circle (CRCL) are down 16% and 20% this year, respectively.
Read more: Here are key levels to watch as bitcoin plunges to $84,000
Aside from declines in crypto prices, exchanges are seeing lower spot…
