Bitcoin‘s (CRYPTO: BTC) tumble below $80,000 sent shockwaves through crypto-related stocks on Monday, with names like Coinbase Global Inc (NASDAQ:COIN), Robinhood Markets Inc (NASDAQ:HOOD), MARA Holdings Inc (NASDAQ:MARA) and Riot Platforms Inc (NASDAQ:RIOT) all taking a hit in early trading.
But as the dust settles, traders are scanning the charts for signs of opportunity.
Coinbase Global: A Bearish Trend, But Signs Of Life?
Coinbase stock slipped over 10.5% during early trading (by 10:30 AM) on Monday, weighed down by Bitcoin’s slump and a disappointing White House Crypto Summit. Adding insult to injury, the stock was passed over for inclusion in the S&P 500, a move that could have triggered institutional inflows.
Chart created using Benzinga Pro
Technically, Coinbase stock is flashing bearish signals across multiple time frames. The stock is trading below its eight-day ($211.20), 20-day ($237.59), …
Full story available on Benzinga.com
Bitcoin‘s (CRYPTO: BTC) tumble below $80,000 sent shockwaves through crypto-related stocks on Monday, with names like Coinbase Global Inc (NASDAQ:COIN), Robinhood Markets Inc (NASDAQ:HOOD), MARA Holdings Inc (NASDAQ:MARA) and Riot Platforms Inc (NASDAQ:RIOT) all taking a hit in early trading.
But as the dust settles, traders are scanning the charts for signs of opportunity.
Coinbase Global: A Bearish Trend, But Signs Of Life?
Coinbase stock slipped over 10.5% during early trading (by 10:30 AM) on Monday, weighed down by Bitcoin’s slump and a disappointing White House Crypto Summit. Adding insult to injury, the stock was passed over for inclusion in the S&P 500, a move that could have triggered institutional inflows.
Chart created using Benzinga Pro
Technically, Coinbase stock is flashing bearish signals across multiple time frames. The stock is trading below its eight-day ($211.20), 20-day ($237.59), …
Full story available on Benzinga.com
Bitcoin’s (CRYPTO: BTC) tumble below $80,000 sent shockwaves through crypto-related stocks on Monday, with names like Coinbase Global Inc (NASDAQ:COIN), Robinhood Markets Inc (NASDAQ:HOOD), MARA Holdings Inc (NASDAQ:MARA) and Riot Platforms Inc (NASDAQ:RIOT) all taking a hit in early trading.
But as the dust settles, traders are scanning the charts for signs of opportunity.
Coinbase Global: A Bearish Trend, But Signs Of Life?
Coinbase stock slipped over 10.5% during early trading (by 10:30 AM) on Monday, weighed down by Bitcoin’s slump and a disappointing White House Crypto Summit. Adding insult to injury, the stock was passed over for inclusion in the S&P 500, a move that could have triggered institutional inflows.
Chart created using Benzinga Pro
Technically, Coinbase stock is flashing bearish signals across multiple time frames. The stock is trading below its eight-day ($211.20), 20-day ($237.59), …Full story available on Benzinga.com Read More$BTC, Bitcoin miners, COIN, crypto miners, Cryptocurrency, HOOD, MARA, RIOT, Stories That Matter, Technicals, Top Stories, Markets, Trading Ideas, COIN, US21254S1078, MARA, RIOT, $BTC, HOOD, Cryptocurrency, Technicals, Top Stories, Markets, Trading Ideas, Benzinga Markets
