Stock traders and investors who actively manage their portfolio are busy anticipating and scanning the quarterly filings every earnings season, beginning about two weeks after the end of each annual quarter.
Crypto stocks, shares in companies built around cryptocurrency, or having high exposure to the digital asset market are no different.As required by the SEC, corporations with listed stocks publish earnings reports about the previous quarter, projections of future earnings, and guidance about the company’s overall situation and position in the market.“This is a very active time in the market as participants review the earnings reports, which may affect their positions on or in a company.
Some of the biggest crypto stocks are suffering massive capitulations amid the bearish market that’s settled down cryptocurrency prices since many coins posted extravagant all-time high prices in Nov 2021.As you can see from the chart, major crypto stocks, MSTR, MARA, COIN, RIOT, and VYGVF, are all down from deep to very deep in the double digits of negative ROI at the one year view.
Shown in blue for comparison is the total crypto market cap for coin prices on liquid crypto exchange markets. One silver lining is , up nearly 18% for the past year and recovering better than its peers from the cryptocurrency industry’s downturn.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »