Crypto Stocks Continue Drop as Binance Walks Away from FTX Deal

Shares of tech firm MicroStrategy (MSTR, which holds about 130,000 bitcoins, fell 20% Wednesday. Crypto exchange Coinbase (COIN) dropped 9.5%. Crypto-focused bank Silvergate (SI) declined 12%, while financial services firm Galaxy Digital (GLXY.TO) fell 16% in Toronto stock exchange. The stocks of bitcoin miners such as Riot Blockchain (RIOT) and Marathon Digital (MARA) also took a hit.

Source: https://www.coindesk.com/business/2022/11/10/crypto-stocks-continue-drop-as-binance-walks-away-from-ftx-deal/?utm_medium=referral&utm_source=rss&utm_campaign=headlines