Crypto Stocks Sink as Bitcoin Flash Crash Spooks Investors
- Shares of crypto-related companies down 5%-15% as bitcoin drops below $42K
- MicroStrategy stock down 6%; Coinbase down over 5%
- Bitcoin miners Marathon Digital, Riot Platforms, Hut 8, CleanSpark see 10%-15% losses
- Bitcoin fell nearly 10% in a "flash crash" Sunday night, now trading around $41,700
- Despite losses, many crypto stocks still up over 100% in 2023 on crypto rally and ETF anticipation