MicroStrategy, Coinbase, And Other Bitcoin-Linked Stocks Tumble As BTC’s March To $100,000 Stalls
Posted On November 26, 2024
Bitcoin-related stocks saw a decline in Tuesday’s pre-market trading as Bitcoin’s price slipped from its recent highs. The cryptocurrency’s rally appears to be losing steam after nearing the significant $100,000 milestone.
What Happened: Bitcoin, often dubbed “King Crypto,” was trading at $93,590.38 at 5:00 AM Eastern Time. A prominent trader has warned that if Bitcoin fails to break through the $100,000 resistance level, it could experience a significant correction, potentially dropping to $85,600 in a worst-case scenario.
As Bitcoin’s momentum seems to be waning, stocks tied to the cryptocurrency also face …
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