The fall of bitcoin collapses the shares of Coinbase

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The stock prices of crypto-related companies Coinbase, MicroStrategy and Galaxy Digital declined amid the market correction on June 22, but recovered after Bitcoin broke the local bottom.

On Monday, the quotes presented on the Nasdaq Bitcoin exchange Coinbase at the moment fell to the level of $ 210.77 per share, which corresponds to a record low. In relation to the listing opening price, the share price fell by 44%.

At time of writing, the stock is trading at $ 222.63. In relation to the opening price of the trading session, their value increased by 2.8%.

Nasdaq Coinbase (COIN) Quotes. Data: TradingView.

Shares of MicroStrategy, whose subsidiary MacroStrategy has a balance of 105,084 BTC, gained 3.9% in the last trading session and is trading at $ 556 per share at the time of writing.

Nasdaq MicroStrategy (MSTR) Quotes. Data: TradingView.

Listed on the Toronto Stock Exchange (TSX), cryptocurrency trading bank Galaxy Digital is up 7.4% during the trading session and is trading at $ 19.87 per share at time of writing.

Galaxy Digital (GLXY) Quotes of TSX. Data: TradingView.

On June 22, the quotes of the first cryptocurrency for the first time since January fell below the $ 30,000 level. After reaching a local minimum, the bitcoin price increased by 20%, rising above the $ 34,000 mark.

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