US Stock Market Move | Cryptocurrency concept stocks fell, with Coinbase (COIN.US) plunging over 14% after earnings.
U.S. cryptocurrency concept stocks declined.
On Friday, U.S. stocks related to cryptocurrencies declined. As of the time of writing, Coinbase (COIN.US) dropped over 14% after earnings, Strategy (MSTR.US) fell over 8% post-earnings; Bitmine Immersion Technologies (BMNR.US) dropped over 8%, and Circle (CRCL.US) fell over 7%. In the news, Coinbase's total revenue for the second quarter decreased to $1.22 billion, with a GAAP net loss of $359 million. According to the earnings report attachment submitted to the U.S. Securities and Exchange Commission on July 30, this marks the company's second consecutive quarter of net losses.
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