Bitcoin’s Near 40% Slide Weighs on Crypto Stocks While Coinbase Outperforms

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Argo Blockchain (ARBK), the only crypto miner listed on the London Stock Exchange (LSE), has declined by 45%, while Canadian crypto miners Hive Blockchain (HIVE) and Hut 8 Mining Corp (HUT) have slipped 52% and 59%, respectively. Toronto-listed crypto exchange Voyager Digital (VYGVF) is down 50% alongside a 45% slide in shares in MicroStrategy (MSTR), a business-intelligence software company that holds 122,478 BTC, worth nearly $6 billion, on its balance sheet.