3 Crypto Stocks To Watch as Bitcoin and Altcoins Risk More Downturn This Week
The post 3 Crypto Stocks To Watch as Bitcoin and Altcoins Risk More Downturn This Week appeared on BitcoinEthereumNews.com.
Crypto stocks, including Coinbase, Strategy Inc., and Circle Internet Group, traded lower on August 18. This occurred as the leading cryptocurrency, Bitcoin, and altcoins showed further signs of weakness. Investors are monitoring key price levels while market updates and industry commentary shape expectations for the week. Strategy Inc. and Circle Fall as Market Turns Lower Microstrategy and Circle Internet Group both lost ground in the early trading session today, as the wider crypto market came under pressure. MSTR stock closed at $363.60, down 0.74% or $2.72. In pre-market trading, it stood at $361.61, showing a further decline of 0.55% or $1.99. The company carried a market cap of $2.52 billion with an average trading volume of 11.66 million. Also, Circle Internet Group Inc. closed at $141.58, down 5.15% or $7.68. The firm had a market cap of $33.96 billion and an average volume of 17.04 million. Its year range growth was between $64.00 and $298.99, showing how far the crypto stock had moved over the past twelve months. It is worth noting that the declines followed the release of the U.S. Producer Price Index data that came in higher than expected. The index rose 0.9% against a forecast of 0.2%. This pushed back investor expectations for a Federal Reserve rate cut. The probability of a cut dropped from 98% to 84%, making investors more cautious toward risk assets. Generally, the crypto market had bearish price swings with Bitcoin price trading near $115,500. Ethereum price slipping below $4,300 mark. Coinbase Stock Drops but Gains Attention from New York Surge Coinbase stock (COIN) also declined within similar timeframes, but continued to attract interest due to company developments. The crypto stock closed at $313.58, down 1.25% with $3.97 lost. It carried a market cap of $80.60 billion and an average trading volume of…
