Several stocks in the crypto industry struggled today along with the broader crypto and stock markets.
As of 2 p.m. ET, shares of large crypto exchange Coinbase Global (NASDAQ: COIN) had fallen nearly 5%, shares of U.S. Bitcoin -mining company Cipher Mining (NASDAQ: CIFR) had fallen more than 10%, and shares of crypto bank Silvergate Capital (NYSE: SI) traded more than 6% down.
Stocks and cryptocurrencies continued their volatile ways today, following up a nice recovery yesterday afternoon with several of the main benchmark indexes struggling out of the gate and into the afternoon.
For further details see:
Why Shares of Coinbase Global, Cipher Mining, and Silvergate Capital Are Down Today