Crypto Stocks and Assets See Steep Losses in Q1_Amazon Finance

Crypto Stocks and Assets See Steep Losses in Q1

2025-04-02 09:04:07 Primitive Reading

　During the first quarter of 2025, the stock of the exchange (COIN) plummeted by 30%, reflecting the broader struggles in the crypto market. According to Bloomberg, other prominent crypto-related stocks such as Galaxy Digital, Riot Blockchain, and Core Scientific have also experienced significant declines. The downturn in the broader cryptocurrency market has been attributed to various macroeconomic factors, including uncertainty surrounding the U.S. economy and concerns about trade wars. Despite the market challenges, some crypto firms like MicroStrategy have shown resilience, with CEO Michael Saylor leading the company to remain profitable due to its substantial Bitcoin holdings. Analysts are closely monitoring how macroeconomic factors will continue to impact the digital asset landscape.

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