Crypto company shares and funds closed sharply lower on Tuesday as bitcoin dropped briefly to a two-year low, even though the three major U.S. equity indexes ended higher.
... Crypto company shares and funds closed sharply lower on Tuesday as bitcoin dropped briefly to a two-year low, even though the three major U.S. equity indexes ended higher. Shares in Crypto exchange Coinbase COIN closed down 10.6% at around $50.92, according to Dow Jones Market data. MicroStrategy MSTR finished 21% lower at around $211.8.
'2-year low' is sort of irrelevant when experiencing 8% inflation for over a year.
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