Crypto-related stocks fell on Tuesday in a massive market crypto slide that brought Bitcoin Up to $113,000.
BTC’s biggest corporate owner, Strategy (MSTR), closed session 7.8% at $336 at its weakest price since April 22nd.
Ethereum Treasury Firms Sharplink Gaming (SBET) and Bitmine (BMNR) lost 8%-9%, while Solana-focused accumulators Defi Development (DFDV) and UPEXI (UPXI) scored 13.7% and 9%, respectively.
Digital asset investment company Galaxy (GLXY) slides 10%, Robinhood (Hood) sinks 6.5%, and Coinbase (Coin) drops 5.8%. BTC Miner Mara Holdings (Mara) fell by nearly 6%, while some of the highly flying HPC names such as Bitdeer (BTDR), Iren (Iren), and Hut 8 (Hut) fell by nearly 10%.
Risk appetite quickly evaporated this week as traders anticipate Chairman Jerome Powell’s speech on Friday in Jackson Hole, Wyoming.
