BTC - Why These Stocks Were Bitcoin Busts This Week
It was a bad week for investors in popular cryptocurrency Bitcoin (CRYPTO: BTC) . On Aug. 14, the price per token briefly eclipsed $48,000, but it's been on a downward trend since. As of this writing, Bitcoin is around $46,400, according to CoinDesk.
However, there are Bitcoin stocks that were even bigger busts this week. This includes technology company MicroStrategy (NASDAQ: MSTR) , which was down 7% for the week, as of the market's close on Thursday. Bitcoin mining stocks have faired even worse, with shares of Riot Blockchain (NASDAQ: RIOT) , Ebang International (NASDAQ: EBON) , and Bit Digital (NASDAQ: BTBT) down 10%, 11%, and 11%, respectively.
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Why These Stocks Were Bitcoin Busts This Week