• Hut 8 outperformed the group after Morgan Stanley initiated coverage with an ‘Overweight’ rating and a $263 price target.

• The firm also gave an ‘Overweight’ rating to Riot Platforms, but the stock remained in the red during pre-market trade.

• Citi lowered its Coinbase price target to $235 from $400 but maintained a ‘Buy’ rating, citing “durable earnings support” from subscription and services revenue.

Crypto-linked equities moved lower in early morning trade on Thursday, tracking the broader sell-off in the stock market and weakness in Bitcoin (BTC).

Bitcoin’s price dipped around 1% in the last 24 hours, attempting to keep above the $65,000 mark. On Stockwits, retail sentiment around the…