Strategy, Robinhood, and Coinbase Fall. Why Crypto Stocks Are Struggling.
1. Crypto stocks fell due to China's trade countermeasures affecting investor sentiment. 2. Bitcoin's price dropped 3.5%, now around $110,000, impacting MSTR's performance. 3. MSTR acquired 220 Bitcoins at $123,561, now down 11% in value. 4. Shares of MSTR slumped 4% before market opening amid crypto sell-off. 5. Investors are pivoting to safer assets as crypto prices decline.