Crypto-tied Stocks Sink as Price of Bitcoin Falls Below $90,000 | Global News Avenue

After Bitcoin, cryptocurrency-related stocks fell in Tuesday’s listing trading (btcusdLeaning below $90,000 for the first time since November As investors avoid Risk assetsincluding stocks.

Shares in the trade application Robinhood (hood), a common foundation for cryptocurrency exchanges worldwide (coin) and Mara Holdings, parent company of Marathon Digital (Mara) All fell by about 4% to 5%. Bitcoin mining and infrastructure company Riot Platforms Inc.riot) fell by about 5%.

Business Intelligence and Bitcoin Finance Corporate Strategy (Mstr) Formerly known as MicroStrategy, it dropped by about 5%. The company said on Monday it expanded again Bitcoin Hold, acquire Nearly $2 billion More digital currencies.

Bitcoin has been trading in a relatively narrow range in recent weeks, about $89,000 earlier on Tuesday, well below its record high About $109,000 Set last month.

Small stocks are falling as economic uncertainty pressures investors, downward trend in bitcoin and crypto assets Make further corrections Territory and major indexes fell on Monday. Major indexes in the United States Complete most of it Monday, after a steep recession last week.