Bitcoin-hoarding companies are facing steep stock declines as crypto euphoria fades. Once boosted by bitcoin’s record highs, firms like Strategy, Metaplanet, and others now suffer sharp reversals, underscoring the volatility of equity tied to cryptocurrency exposure.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.