Altcoin News by Thebittimes.Com

MicroStrategy stock was down 10% on Tuesday, while Coinbase and other crypto stocks also dumped. Bitcoin price traded to lows of $60,600 before seeing a slight recovery. MicroStrategy , Coinbase , Riot Platforms and Marathon Digital stock s are among crypto -related stock s seeing downside pressure amid Bitcoin’s price struggles. MicroStrategy stock dumps 10% Coinbase’s COIN was down 3% in early trading on Tuesday, hovering around $211.74 while MicroStrategy’s MSTR stock had dumped over 10% to $1,152. The share price of the Michael Saylor led company has declined more than 29% in the past 30 days. Today’s double-digit dump for the MicroStrategy stock price comes a day after the company reported a net loss in Q1. Despite the impairment loss, the BTC buying software intelligence firm reported adding more coins to its holdings. That includes the 122 BTC the company acquired for $7.8 million in April to bring its total haul to 214,400 ...

Notable absentees of the ongoing crypto market rally have, for the most part, been major Bitcoin (BTC) mining firms.  This, perhaps, isn’t surprising given that the companies not only suffered immense damage during the ‘crypto winter’ but their prospects for the Bitcoin halving might not be as stellar as might appear at first glance. Indeed, as the mining rewards are set to become smaller, Bitcoin prices will have to increase significantly for the miners to remain profitable and the world’s premier cryptocurrency would have to rise above $120,000 for firms like Marathon Digital (NASDAQ: MARA) to maintain relative parity with the 2021 bull market. Picks for you Crash incoming? Ripple to unlock 1 billion XRP on April 1 32 mins ago 3 cryptocurrencies under $1 to buy for April 1 hour ago Bitcoin halving dates 2024: When, why, and what to know 1 hour ago Blockchain stock boom: The cryptocurrency innovator that's beating the odds 1 hour ago ...