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Double-Digit Declines Dominate: Crypto Stocks Feel the Pain of Market Meltdown

As the crypto economy has contracted by $150 billion since Monday, the downturn has notably impacted crypto stocks, with a significant portion of shares experiencing double-digit declines across the board.

Crypto-related equities have faced substantial pressure this week, aligning with the broader market downturn that unfolded during the same period. By Friday, all four benchmark U.S. indices concluded the trading day in the red, shedding considerable value.

Double-Digit Declines Dominate: Crypto Stocks Feel the Pain of Market Meltdown

As the crypto economy has contracted by $150 billion since Monday, the downturn has notably impacted crypto stocks, with a significant portion of shares experiencing double-digit declines across the board.

Crypto-related equities have faced substantial pressure this week, aligning with the broader market downturn that unfolded during the same period. By Friday, all four benchmark U.S. indices concluded the trading day in the red, shedding considerable value.

https://news.bitcoin.com/double-digit-declines-dominate-crypto-stocks-feel-the-pain-of-market-meltdown/