Crypto and Biotech Stocks Tumble on Bitcoin Drop and Clinical Trial Data
• Coinbase, Riot Platforms, Marathon Digital and other crypto-related stocks fell due to a pullback in the price of Bitcoin.
• Apellis Pharmaceuticals shares fell after presenting positive PNH drug trial data.
• Cogent Biosciences shares tumbled over 50% after reporting disappointing clinical trial data.
• Biomea Fusion and Keros Therapeutics shares fell after presenting clinical data at medical conference.
• Gildan Activewear shares fell after the company announced its CEO has left his position.