Why MicroStrategy, Coinbase, and Silvergate Capital Are Falling Today

·3 min read
Why MicroStrategy, Coinbase, and Silvergate Capital Are Falling Today

As of 2:45 p.m. ET today, shares of business intelligence company MicroStrategy (NASDAQ: MSTR) had fallen roughly 9%, crypto exchange Coinbase (NASDAQ: COIN) stock was down nearly 6%, and Silvergate Capital (NYSE: SI) shares traded nearly 7.5% lower. Because crypto trading volume has significantly slumped this year, so too have revenue and earnings at Coinbase, which has sent the stock sputtering.

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