BitCoinsXE: Ultimate Guide to Cryptocurrencies, Wallets, Markets, and Live Exchange Rates. logo BitCoinsXE: Ultimate Guide to Cryptocurrencies, Wallets, Markets, and Live Exchange Rates. logo
Seeking Alpha 2021-05-23 21:09:05

Bitcoin-related stocks to watch on Monday and how they fared last week

Bitcoin's gyrations over the past week have taken their toll on a number of publicly traded stocks that are linked to the world's largest cryptocurrency.Over the course of Monday, May 17, through Friday, May 21, bitcoin fell 20% to $32.8K. On Saturday, it jumped touched as high as $38.8K then fell as low as $31.1K on Sunday.With an eye to next week's trading, here's how bitcoin-linked names reacted last week:Bitcoin funds Osprey Bitcoin Trust (OBTC) fell 29% and Grayscale Bitcoin Trust (GBTC) fell 24%, both more than bitcoin itself.Cryptocurrency miners Marathon Digital (MARA) fell 9.5% and and Riot Blockchain (RIOT) sank 12% during last week.Crypto exchange Coinbase Global (COIN) fell 13%.MicroStrategy (MSTR), which holds more than 92,000 bitcoins, fell 14%.Square (SQ), -17%, and Tesla (TSLA) -18% both hold bitcoin on their balance sheets, but their bets aren't as big as MSTR's.The charts below sum up the declines of bitcoin and related stocks over

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