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Here's Why Cryptocurrency Stocks Were Falling Today

TheMotleyFool

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Bitcoin is officially in a bear market, having fallen roughly 28% from all-time highs reached earlier this month. Falling this far has logically impacted cryptocurrency stocks, including those companies holding bitcoin, mining bitcoin, and providing mining equipment. Here are some movers today as of 2:30 p.m. EST:

While the price of bitcoin is having its effect, it's possible some of these stocks are being indirectly impacted by the GameStop short squeeze.

Image source: Getty Images.

Source Fool.com

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