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Bitcoin Drop Sends U.S. Premarket Crypto Stocks Lower

According to Rockflow, U.S.-listed crypto-related stocks declined in premarket trading on August 18 as Bitcoin fell intraday, with MicroStrategy down nearly 2% and Coinbase and Riot Platforms each losing over 1%.

BTC

Summary

According to Rockflow data on August 18, U.S. cryptocurrency-related stocks fell in premarket trading following an intraday decline in Bitcoin. MicroStrategy shares dropped nearly 2%, while Coinbase and Riot Platforms fell more than 1% each.

Terms & Concepts
  • Premarket Trading: The trading activity that occurs before the regular market session, typically reflecting early reactions to news or overnight market movements.
  • MicroStrategy (MSTR): A business intelligence company known for its large Bitcoin holdings, whose stock performance often correlates with Bitcoin price movements.
  • Riot Platforms: A cryptocurrency mining company whose stock price is influenced by Bitcoin market trends and mining profitability.