Bitcoin Falls to Three-Month Low, Weighing on Crypto-Linked US Stocks
Bitcoin fell to its lowest level in three months, dragging crypto-linked US stocks lower. Bitcoin miners posted the steepest declines.Walter Bloomberg reported on November 13 that Hut 8 fell 6.0% as Bitcoin touched a three-month low. Riot Platforms and MARA Holdings each dropped 3.9%.Shares tied to crypto trading platforms also weakened. Robinhood fell 3.2%, while Coinbase slipped 0.5%.Strategy, a corporate Bitcoin holder, lost 2.1%. Among major crypto-linked stocks, miner Hut 8 posted the biggest decline.