By Sabela Ojea
Shares of Coinbase Global, MicroStrategy, Mara, Block and Riot Platforms dropped after bitcoin prices dropped below $88,000.
MicroStrategy led the losses Tuesday, trading down 12%. Mara followed at 11% lower, Riot Platforms was down 8%, Coinbase fell 7.8% and Block was 4.5% weaker.
Bitcoin prices have fallen around 12% in February from a closing price of slightly above $100,000 on Feb. 1.
The intraday high for Bitcoin over the past year is $109,224.74, made on Jan. 20. The intraday low for Bitcoin over the same period is $49,314.04, set on Aug. 5, 2024.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
February 25, 2025 13:52 ET (18:52 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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