[Coin Stock Briefing] Coinbase turns downward… CEP falls 5%, mining stocks are all weak

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While Bit has slightly risen, cryptocurrency-related stocks generally showed a downward trend.

According to Yahoo Finance on the 22nd (local time), MicroStrategy (MSTR), a Bit holding company, closed at $426.28, up 0.72%.

Coinbase (COIN) fell 1.46% to $413.63, fintech company Block (XYZ) rose 7.21% to $78.08. Robinhood (HOOD) ended trading at $104.34, down 4.91%.

Kindly MD (KDLY), which disclosed its Bit holding strategy, rose 9.23% to $24.94, while Cantor Equity Partners (CEP) closed at $29.70, down 5.12%.

Gryphon Digital Mining (GRYP) traded at $1.22, down 3.17%, and Semler Scientific (SMLR) ended the day at $39.67, down 3.79%.

Japan's Bit-holding listed company Metaplanet (3350.T) traded at 1,333 yen, down 1.18%. Japan's Remixpoint was not recorded in trading.

Mining stocks weak... MARA·CLSK decline, BTBT drops 13%

Cryptocurrency mining stocks mostly closed lower, showing a weak market.

Marathon Digital (MARA) closed at $18.83, down 3.59%, while Riot Platforms (RIOT) traded at $14.02, up 1.16%.

Cleanspark (CLSK) fell 3.07% to $12.39, Core Scientific (CORZ) closed at $13.27, down 0.6%.

Cipher Mining (CIFR) dropped 1.73% to $6.25, Iris Energy (IREN) rose 1.17% to $18.15. Hut 8 Mining (HUT) ended at $21.34, down 1.29%.

Bit Digital (BTBT) plummeted 13.54% to $3.32, Bitfarms (BITF) rose 8.65% to $1.13, Hive Digital (HIVE) closed at $2.27, up 1.79%. Terrawolf (WULF) declined 2.72% to $4.99.

Bit closed at $117,368, up 0.03%, showing a slightly firm tone.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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