MicroStrategy and Coinbase Shares Crash Dragged Down by Bitcoin Price Correction

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The trading session on the US stock exchanges yesterday opened with a significant drop in the shares of companies focused on the cryptocurrency industry.

Over the past 24 hours, Bitcoin has lost about 13%. The price of the largest crypto by market cap has fallen below $24,000, and at the moment, it is trading below $23,000.

At the opening, the shares of analytics software provider MicroStrategy fell 25.24%, whereas those of Coinbase fell by 13.5% and those of Silvergate Capital dropped by 14%.

According to Bitcoin Treasuries, MicroStrategy now owns 129,218 BTC worth just over $3 billion.

The company CEO Michael Saylor has once again confirmed his commitment to the first cryptocurrency.

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