Crypto Stocks Retreat on Bitcoin’s Dip as Macroeconomic Concerns Linger

Hive Blockchain (HIVE), Marathon Digital (MARA) and Hut 8 Mining (HUT) led the group downward, with each falling at least 14%. Shares of crypto exchange Coinbase (COIN) were down about 10%, while MicroStrategy (MSTR), a software company that holds billions of dollars worth of bitcoin, fell over 10%.