Every stock in a seven-company crypto-linked group fell in late-morning U.S. trading Friday, with Coinbase posting the steepest decline at 12.87% among the seven tracked names.
At 11:29 a.m. ET Friday, Coinbase was down 12.87% at $139.93, compared with a 7.75% decline at the U.S. open. The change amounted to a 5.12 percentage-point increase in the size of its loss.
Among the other six, Circle fell 8.71%, Galaxy Digital dropped 8.63%, Riot Platforms lost 8.59% and Robinhood declined 8.23%. Strategy was down 6.96%, while MARA fell 6.42%.
CoinGecko and exchange spot data at 17:25 UTC put Bitcoin (BTC) at $77,194, down 4.70% over 24 hours, and Ether (ETH) at $2,242.14, down 4.56%. The stock reading came almost two hours before the crypto data and covered company shares, while the later figures were spot prices for digital assets.
