{"id":62840,"date":"2022-06-13T16:58:22","date_gmt":"2022-06-13T13:58:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62840"},"modified":"2025-09-05T20:22:39","modified_gmt":"2025-09-05T17:22:39","slug":"microstrategy-and-coinbase-shares-slide-as-bitcoin-price-falls","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/microstrategy-and-coinbase-shares-slide-as-bitcoin-price-falls\/","title":{"rendered":"MicroStrategy and Coinbase shares slide as Bitcoin price falls"},"content":{"rendered":"<p>The June 13 trading session on U.S. stock exchanges opened with a sharp drop in shares tied to the cryptocurrency sector.<\/p>\n<p>Bitcoin<a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-tumbles-below-23000\"> fell 13.3% over the past 24 hours, according to<a href=\"https:\/\/www.coingecko.com\/ru\"> CoinGecko<\/a>. The price of digital gold<a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-tumbles-below-23000\"> fell below $24,000<\/a>, trading near $23,740 at the time of writing.<\/p>\n<p>At the open, the analytics-software vendor MicroStrategy&#8217;s stock fell 25.24%, Coinbase \u2014 13.5%, Silvergate Capital \u2014 14%.<\/p>\n<p>According to Bitcoin Treasuries, MicroStrategy&#8217;s 129,218 BTC holdings are worth just over $3 billion.<\/p>\n<p>Earlier, MicroStrategy founder Michael Saylor reiterated his commitment to Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">In <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> We Trust.<\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1536317595166687232?ref_src=twsrc%5Etfw\">June 13, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Miners were also in the red at the time of writing:<\/p>\n<ul class=\"wp-block-list\">\n<li>Marathon Digital&#8217;s shares fell 12.33%;<\/li>\n<li>Riot Blockchain fell 10.46%;<\/li>\n<li>Core Scientific fell 12.45%;<\/li>\n<li>Bitfarms fell 9.43%;<\/li>\n<li>Bit Digital fell 8.8%;<\/li>\n<li>Argo Blockchain fell 16.64%;<\/li>\n<li>Hut 8 Mining and Hive Blockchain fell 10% and 9.6%, respectively.<\/li>\n<\/ul>\n<p>Nasdaq 100 futures fell 2.54%, S&#038;P 500 fell 2.5%.<\/p>\n<p>On June 10, the U.S. Department of Labor reported that annual inflation for May rose from April&#8217;s 8.3% to 8.6%. Against that backdrop, Bitcoin price<a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-dips-below-30000-as-us-inflation-accelerates\"> fell below $30,000<\/a>.<\/p>\n<p>Earlier, Galaxy Digital founder Mike Novogratz<a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-warns-of-further-bitcoin-price-decline\"> warned of further declines in the cryptocurrency market<\/a>. In his view, the next several quarters will be volatile due to negative sentiment on Wall Street.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The June 13 trading session on U.S. stock exchanges opened with a sharp drop in shares tied to the cryptocurrency sector.<\/p>\n","protected":false},"author":1,"featured_media":62841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1211],"class_list":["post-62840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=62840"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62840\/revisions"}],"predecessor-version":[{"id":62842,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62840\/revisions\/62842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/62841"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=62840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=62840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=62840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}