MicroStrategy (MSTR) stock has just sharply dropped 35% from the peak of $535 on November 21, to $353 at the end of Tuesday's trading session. This decline caused a market capitalization loss of about $30 billion in just four trading days, amid Bitcoin also falling 9% from its all-time high.
- MicroStrategy has outperformed Bitcoin nearly three times in the past two months, but has recently been more volatile.
- Coinbase (COIN) stock also dropped 12% in the past week, while mining stocks like Marathon Digital (MARA) and Riot Platforms (RIOT) have also plummeted.
🌐 The cryptocurrency market is still facing many challenges, but the potential of blockchain technology remains very optimistic. 📉