Bitcoin price today: rises past $120k as US House passes key crypto bills
Investing.com -- Cryptocurrency-related stocks in the United States experienced a decline in premarket trading, mirroring the drop in Bitcoin’s price. This follows a widespread move towards risk aversion after Moody’s Ratings downgraded the United States’ top credit rating.
The stocks that saw movement include Coinbase (NASDAQ:COIN) with a decrease of 3.1%, MicroStrategy down by 1.2%. Bitfarms saw a drop of 4.3%, while Cipher Mining (NASDAQ:CIFR) experienced a significant 6.5% decline. Bit Digital fell by 3.8%, and Riot Platforms (NASDAQ:RIOT) decreased by 1.6%.
MARA Holdings saw a decrease of 1.7%, while CleanSpark (NASDAQ:CLSK) fell by 2.1%. Core Scientific decreased by 3.2%, and TeraWulf fell by 3.3%. Lastly, Robinhood (NASDAQ:HOOD) fell as much as 4.7%.
These movements in cryptocurrency-related stocks come as Bitcoin’s price also experiences a downturn, reflecting a broader trend of risk aversion in the market after the United States’ credit rating was downgraded by Moody’s Ratings.
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