Crypto Stocks Dey Under Pressure: Marathon, Riot, and Coinbase Dey Face Market Palava
Crypto stocks like Marathon Digital, Riot Platforms, and Coinbase dey under serious pressure because of wahala wey dey ground for cryptocurrency market. Marathon Digital Holdings don see their stock fall by 25% since the year start, and dem say na because Bitcoin price no dey move, so e dey affect their profit. If their stock fall below $12.06, dem expect say e go fall more. Riot Platforms dey face big wahala from investors, their stock don fall by 36% since the year start, and things dey hard because operational cost dey rise. The difference between Riot performance and Bitcoin wey fall by 10% show say mining investments get extra risk. But Coinbase show small strength with 16% stock rise recently, but e dey around $167 wey be important support level. If e continue to fall, their stock fit fall below $160. All these things show say market dey change, cost dey rise and investors no dey sure, so investors need to dey careful.
Bearish
Di constant dey fall wey stock price dey fall for big crypto company like Marathon Digital and Riot Platforms, plus as operational cost dey increase and Bitcoin price no dey move, dey suggest say market no go good. Dis factors plus how investor dey feel anyhow dey show say crypto market go get wahala for short time. Even though Coinbase don show small strength for stock, di overall pressure and chance for am to fall more dey show say market no dey smile. For history, things like dis dey happen before market go dey go down steady unless something change am.