Bitcoin-Heavy Stocks Suffer in Downturn

Reading Time: 2 minutes Companies with exposure to Bitcoin have seen their share prices correlate Bitcoin’s performance Tesla, Argo Blockchain, and MicroStrategy have seen their share price follow the ups and downs of the past nine months The fluctuation highlights the downside of having Bitcoin exposure, at least in the short term Bitcoin’s recent correction hasn’t just hit the crypto world – traditional companies with exposure to Bitcoin have also suffered in recent weeks. MicroStrategy, Argo Blockchain, and Tesla are just three examples of institutional bitcoin holders who have all suffered as Bitcoin has fallen from its mid-april top of $65,000 to as low
The post Bitcoin-Heavy Stocks Suffer in Downturn appeared first on FullyCrypto.
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