2024-02-05 16:43:00 ET
Shares of cryptocurrency companies Coinbase Global (NASDAQ: COIN) , Marathon Digital (NASDAQ: MARA) , and Riot Platforms (NASDAQ: RIOT) performed poorly during January as the cryptocurrency space took an unexpected breather. According to data provided by S&P Global Market Intelligence , these three stocks were down 26.3%, 24.5%, and 29.5%, respectively, during the month.
There are company-specific things that could be talked about regarding Coinbase, Marathon Digital, and Riot Platforms. However, looking at a stock chart of all three companies shows that the trio went up and went down as a group -- in other words, these three stocks were impacted by the same factors.
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Here's Why Shares of Coinbase, Marathon Digital, and Riot Platforms All Fell in January