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Crypto

Bitcoin Price Stagnation Drags Down Crypto Stocks

Guavy AI Editorial Team
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Crypto and blockchain-related stocks experienced significant declines last week, with four out of five biggest financial decliners being crypto names. The sector was dragged down by stagnant Bitcoin prices, which remained relatively unchanged over the week, trading at $84.4K on Friday afternoon compared to $84.1K on September 25.

Riot Platforms, Inc. (RIOT), one of the most notable decliners, was part of this group. Other crypto and blockchain-related stocks that saw significant declines include FIGR, INTR, VIRT, BBD, MARA, PIPR, CRCL, ITUB, HCI, XLF, SP500, and PWP.

The only gainer among the Brazilian banks was notable, however. Their stock prices rose significantly over the week, bucking the trend in the crypto sector.

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