Coinbase, MicroStrategy, Marathon Stocks Buckle 5%-10% as Bitcoin Tumbles Below $42K

The price drop followed a swift correction in crypto markets Sunday evening, with BTC dropping nearly 10% from the $44,000 level in the space of a few minutes in what might be termed a “flash crash.” At press time, bitcoin was trading at $41,700, down about 5% over the past 24 hours. The CoinDesk Market Index (CMI), a basket of almost 200 crypto assets, was also down 5%, highlighting the broad-market negative day.

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• Source: https://www.coindesk.com/markets/2023/12/11/coinbase-microstrategy-marathon-stocks-buckle-5-10-as-bitcoin-tumbles-below-42k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines