Why crypto stocks COIN, MARA, MSTR beat S&P 500 index
Top crypto stocks performed better than the broader stock market this week, helped by relatively stable cryptocurrency prices.
After President Donald Trump unveiled new tariffs on April 2, the stock market experienced two days of turmoil. By Friday evening:
- The S&P 500 closed down 6%
- The Nasdaq Composite dropped 5.8%.
- The Dow Jones Industrial Average plummeted more than 2,200 points, or about 5.5%.
- The Russell 2000 Index, a small-cap stock index, slipped 4%.
Since its December high, the Nasdaq is down 22%. Since its February high, the S&P is down about 17%.
Some crypto-related stocks did better than these equities during the week. Strategy, for example, rose by over 6.7%. The company, formerly known…
