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Crypto stocks log double-digit losses as market crash intensifies

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Crypto-related stocks decline amidst global market turmoil. Companies like MARA, MSTR, Coinbase hit hard by market decline.

Companies heavily invested in cryptocurrencies such as MSTR, MARA and Coinbase have seen their stock decline after the global market slide.On 5th August, global financial markets had one of the most significant crashes in recent years. The global stock downturn affected Japan and Taiwan at the highest level.

According to Google Finance, MSTR has declined by 22.32% over the past five days after recording an 11% decline on 5th August.

 

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Crypto funds recorded inflows of $1.44 billion last week, fueling crypto market reboundThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
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