Crypto Stocks Continue Drop as Binance Walks Away from FTX Deal

Crypto-Related Stocks Bounce as Bitcoin Retakes $22K

Shares of tech firm MicroStrategy (MSTR, which holds about 130,000 bitcoins, fell 20% Wednesday. Crypto exchange Coinbase (COIN) dropped 9.5%. Crypto-focused bank Silvergate (SI) declined 12%, while financial services firm Galaxy Digital (GLXY.TO) fell 16% in Toronto stock exchange. The stocks of bitcoin miners such as Riot Blockchain (RIOT) and Marathon Digital (MARA) also took a hit.

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