Crypto Companies Shares Fell More than Bitcoin in April

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The shares of companies associated with cryptocurrencies, including mining firms, fell in April more than Bitcoin.

The price of BTC fell by 17.3% over the month, Ethereum sank by 16.9%, whereas the total market capitalization fell by 18%.

Against this background, the shares of the largest US crypto exchange Coinbase fell by more than 40%, and those of Bakkt by 38.1%.

The losses of companies from the mining industry were even higher: Riot Blockchain shares fell by 50.8%, whereas the shares of Marathon Digital fell by 45.3% and those of miner maker Canaan recorded a 35% drop in the stock price.

In April, the stock market as a whole resumed its downward trend. However, the Nasdaq Composite Technology Index pulled back from its mid-month peak by 22.2%.

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