Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Bitcoin Bull Michael Saylor’s Company Strategy Hits With Another Class Action Lawsuit Shock! “The Claims Are Huge!”

09/07/2025

1,793,905,267,193 PEPE Just Left Binance in Major Outflow: What’s Going On?

09/07/2025

Ripple CEO Ruthlessly Trolled by VanEck’s Head of Crypto Research

09/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Ripple CEO Ruthlessly Trolled by VanEck’s Head of Crypto Research

    09/07/2025

    It’s Going to Be Wild for Bitcoin: Lightspark CEO Explains Why

    09/07/2025

    Ripple CEO Breaks Silence on ‘Skull of Satoshi’ and Implications for Crypto Unity

    09/07/2025

    Norway-based K33 secures 60 million SEK for its Bitcoin treasury

    08/07/2025

    Ethereum (ETH) Price Prediction for July 5

    08/07/2025

    Bitmine rallied to over $135 after announcing ETH treasury

    08/07/2025

    92,873 Ethereum in 10 Minutes, What’s Going On?

    08/07/2025

    What to Expect for Bitcoin (BTC) and Ethereum (ETH) in July? Will There Be a Big Rise? Analyst Explains!

    08/07/2025

    1,793,905,267,193 PEPE Just Left Binance in Major Outflow: What’s Going On?

    09/07/2025

    Shiba Inu (SHIB) Sees Bullish 151,605,712,807 SHIB Whale Activity on Bybit

    09/07/2025

    Here is Why XRP Could Win the DeFi Race Against Ethereum and Solana

    09/07/2025

    Solana Meme Coin Moo Deng Flies 530% in a Week Amid ‘Macro Hopium’

    09/07/2025

    What are Floki’s Flokitars?

    07/07/2025

    Top NFTs Trending Today, Courtyard Leading the Pack

    06/07/2025

    NFT Market Sees Recovery, Records 17.23% in Weekly Sales, Guild of Guardians Leads Sales with $29.61 Million

    05/07/2025

    You Can Buy a Martian Meteorite With Bitcoin—If You Have Upwards of $4 Million

    04/07/2025

    Bitcoin Bull Michael Saylor’s Company Strategy Hits With Another Class Action Lawsuit Shock! “The Claims Are Huge!”

    09/07/2025

    1,793,905,267,193 PEPE Just Left Binance in Major Outflow: What’s Going On?

    09/07/2025

    Ripple CEO Ruthlessly Trolled by VanEck’s Head of Crypto Research

    09/07/2025

    Bitcoin Consortium Targets Thai Public Firm in Treasury Strategy Push

    09/07/2025
  • Blockchain

    OKX Wallet Integrates peaq Network for Seamless DePIN Access

    08/07/2025

    Rewards Bunny Integrates with AIDEN to Revolutionize Web3 Engagement

    08/07/2025

    Spur Protocol and WizoLayer Join Forces to Boost Web3 Engagement Across Base Ecosystem

    08/07/2025

    Saudi Arabia Sees 51% Surge in Blockchain Business Registrations in Q2 2025

    08/07/2025

    Plume Network Brings Real-World Yield to TRON’s Global Payment Ecosystem via SkyLink Integration

    08/07/2025
  • DeFi

    Jito, Kamino, and Cloud Drive Solana to $17.5 Billion TVL

    09/07/2025

    Broken Bound Integrates with VERSE Boost DeFi Memeconomy

    09/07/2025

    Unpacking the 1inch Team Fund’s Bold Move

    08/07/2025

    Chainlink Supercharges Katana DeFi With Live Data and Cross Chain Power

    08/07/2025

    Hyperliquid Leads DeFi Protocols in Daily Revenue, Outpacing Ethereum and Solana

    08/07/2025
  • Metaverse

    Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand

    08/07/2025

    Apple’s Top AI Exec Leaves For Meta Amid Aggressive Hiring Trend

    08/07/2025

    Automobili Lamborghini Unveils Digital Temerario and GT3 NFTs in Wilder World

    07/07/2025

    Microsoft’s AI Diagnoses Like House, Bills Like Costco

    02/07/2025

    Mark Zuckerberg Unveils New Meta AI Lab After Poaching OpenAI Talent

    01/07/2025
  • Regulation

    Bitcoin Bull Michael Saylor’s Company Strategy Hits With Another Class Action Lawsuit Shock! “The Claims Are Huge!”

    09/07/2025

    Bitcoin Consortium Targets Thai Public Firm in Treasury Strategy Push

    09/07/2025

    YZi Labs joins Goldman Sachs, Citadel in $135m Canton Network push

    09/07/2025

    Investment Giant Franklin Templeton Issues Serious Warning About Bitcoin (BTC)!

    09/07/2025

    Bitcoin Seesaws as Hot Jobs Report Extinguishes Rate Cut Hopes

    08/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Alchemy Pay Unlocks Fiat Ramps for $BLUM, Powering Global Access

    07/07/2025

    Bitrue opens stock trading to the 24/7 blockchain clock, but there’s a fine print

    07/07/2025

    Arbitrum DEX Swap Volume Crosses $500B and Still Growing

    07/07/2025

    AscendEX and FXH AI Launch ‘ChainLinking Vietnam’ to Advance Web3 Compliance

    07/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Off The Grid studio unveils Solana cofounder-inspired skin

    09/07/2025

    ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

    09/07/2025

    Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

    08/07/2025

    ‘Off the Grid’ GUN Token Expanding From Avalanche to Solana—Here’s Why

    08/07/2025

    A Bitcoin Mining Powerhouse Emerges

    08/07/2025

    Core Scientific Cut to Neutral as CoreWeave Deal Adds Complexity: H.C. Wainwright

    08/07/2025

    Bitcoin Miner CleanSpark Produced 685 BTC in June, Hit 16.15 J/TH in Efficiency

    08/07/2025

    BitFuFu Hits 36.2 EH/s Hashrate, 728 MW Capacity in June

    08/07/2025

    Could Hong Kong Replace Singapore as a Regional Crypto Hub?

    08/07/2025

    Trump Signs Big Beautiful Bill Into Law on Independence Day

    07/07/2025

    Will Tether’s USDT Get Banned in the US When the GENIUS Act Becomes Law?

    07/07/2025

    Regulators Race to Counter US Stablecoin Grip on European Market

    07/07/2025

    Bitcoin Bull Michael Saylor’s Company Strategy Hits With Another Class Action Lawsuit Shock! “The Claims Are Huge!”

    09/07/2025

    1,793,905,267,193 PEPE Just Left Binance in Major Outflow: What’s Going On?

    09/07/2025

    Ripple CEO Ruthlessly Trolled by VanEck’s Head of Crypto Research

    09/07/2025

    Bitcoin Consortium Targets Thai Public Firm in Treasury Strategy Push

    09/07/2025
  • MarketCap
NBTC News
Home»Regulation»MicroStrategy, Coinbase Stock Dip as Bitcoin Price Momentum Cools
Regulation

MicroStrategy, Coinbase Stock Dip as Bitcoin Price Momentum Cools

NBTCBy NBTC19/09/2024No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Crypto stocks across the board took a dive at Monday’s open after Bitcoin failed to maintain its early weekend momentum, but some are starting to rebound as the day goes on.

At 9:45 am ET, Coinbase (COIN) fell 4% to $156.63. MicroStrategy (MSTR), the world’s largest corporate Bitcoin holder, dipped by 5% to about $133, while the Valkyrie Bitcoin Miners ETF (WGMI) fell by the same amount to a price of nearly $16.

By comparison, the S&P 500 traded flat, and the Nasdaq 100 traded 0.5% down at Monday’s open. Meanwhile, after surging above $60,500 on Saturday, Bitcoin has now fallen below the $58,000 mark as of this writing. It’s down nearly 4% over the last 24 hours.

Coinbase has ticked back up to almost $162, down less than 1% on the day, while WGMI rose above $17, putting its daily loss at nearly 2%. However, MicroStrategy has recovered only slightly as of this writing, down almost 4% on the day to a current price of $136.

Coinbase has underperformed Bitcoin year to date, rising just 3.5% as of Monday versus Bitcoin’s 31% rise. Similarly, despite its exceptional early-year performance, fading hype around CleanSpark (CLSK) over the past several months has driven WGMI into negative territory compared to January 1.

By contrast, MSTR is up 91%, outpacing Bitcoin’s gains during the crypto explosion in early March. MetaPlanet, a much smaller company based in Japan, is up a whopping 544% after adopting its own MicroStrategy-inspired Bitcoin strategy in April.

Both companies have doubled down on their BTC-centric strategies in recent weeks, with MetaPlanet announcing another $2 million BTC purchase last week, and MicroStrategy buying another $1.1 billion in BTC shortly after.

In a Sunday report, Canaccord Genuity placed its price target for MSTR at $173, up 30% from today’s price. “Our price target is derived by assuming 20% one-year appreciation to BTC versus current spot, a 15% increase in value to the software business, and our assumption that the current sum-of-the-parts premium remains intact.”

DeFi Technologies, a Canadian fintech company with multiple cryptocurrencies on its balance sheet, is also up 283% this year, and bucked the bearish trend on Monday with a 1.5% rise.

On Wednesday, the Federal Reserve is expected to announce its first interest rate cut in years, which could have complex implications for the crypto and stock market. As of writing, futures markets are split on whether the cut will be for 25 or 50 basis points, and are increasingly favoring the latter.

Edited by Andrew Hayward

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Bitcoin Bull Michael Saylor’s Company Strategy Hits With Another Class Action Lawsuit Shock! “The Claims Are Huge!”

09/07/2025

Bitcoin Consortium Targets Thai Public Firm in Treasury Strategy Push

09/07/2025

YZi Labs joins Goldman Sachs, Citadel in $135m Canton Network push

09/07/2025

Investment Giant Franklin Templeton Issues Serious Warning About Bitcoin (BTC)!

09/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Bitcoin Bull Michael Saylor’s Company Strategy Hits With Another Class Action Lawsuit Shock! “The Claims Are Huge!”

09/07/2025

1,793,905,267,193 PEPE Just Left Binance in Major Outflow: What’s Going On?

09/07/2025

Ripple CEO Ruthlessly Trolled by VanEck’s Head of Crypto Research

09/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.