MSTR, COIN, and BMNR Stocks Reel Under Market Pressure and Bearish Bitcoin Post

Crypto stocks MSTR, COIN, and BMNR closed lower on recent market pressure and a resurfaced old bearish Bitcoin post from July 2011. The Strategy Inc Class A stock, listed as MSTR, fell 4.18% to $93.04, while Coinbase Global Inc, trading as COIN, dropped 3.53%. Bitmine Immersion Technologies, listed as BMNR, declined 1.15% in the latest session.

According to Google Finance data, MSTR opened at $94.98 and reached a high of $95.08 before falling to a low of $91.67. The stock's market value stood at $36.42 billion, with an average daily volume of 16.49 million shares.

The old post from July 2011 stated that Bitcoin would never reach $20 again and expressed concerns about weak demand and limited upside. While this view is outdated, its return adds a familiar bearish voice to the discussion around crypto stocks.