Bitcoin Drops Below $61,000 Threshold, Related Stocks Decline in Tandem

Stock News06-05 22:31

On Friday, the price of Bitcoin once again fell below the $61,000 mark, reaching a low of $60,461.88. Stocks associated with the cryptocurrency followed the downward trend.

At the time of writing, Strategy (MSTR.US) was down more than 8%, Coinbase (COIN.US) had fallen over 6%, and Circle (CRCL.US) declined by more than 6.8%.

Additionally, Robinhood (HOOD.US) saw a drop exceeding 3.5%, IREN Ltd (IREN.US) was down over 9.6%, and Mara Holdings (MARA.US) fell more than 9.5%.

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