Major U.S. crypto stocks, including bitcoin stockpiler MicroStrategy and leading exchange Coinbase, experienced significant losses in Tuesday’s trading session. MicroStrategy reported a 5% year-over-year decrease in first-quarter revenue, contributing to a sharp decline in its share price.
MicroStrategy’s shares plummeted by as much as 17% on Tuesday following news of its missed earnings and the downturn in the price of bitcoin. Although the shares recovered slightly, they were still down by 15.8% at $1,086…
To read the full article please click HERE
Credit: Source link