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Benzinga

Business

Rishabh Mishra

Forget MSTR — These 3 BTC-Linked Stocks With Weakening Momentum Are In Focus Amid Big Bitcoin Fall

Bitcoin MSTR Benzinga Edge Stock Rankings Crypto Cryptocurrency Bakkt Bitcoin Depot BKKT

Bitcoin,Btc,Or,Ethereum,Eth,Coins,Crypto,Currency,Money,Of

As Bitcoin (CRYPTO: BTC) is facing renewed pressure below the $90,000-mark, attention is turning to several Bitcoin-linked stocks showing a significant weakening in momentum amid the cryptocurrency’s correction.

Apart from Michael Saylor‘s Strategy Inc. (NASDAQ:MSTR), whose momentum score has declined to the 5.11th percentile, investors are closely watching three companies—Bitcoin Depot Inc. (NASDAQ:BTM), Bakkt Holdings Inc. (NYSE:BKKT), and Bitdeer Technologies Group (NASDAQ:BTDR)—as their Benzinga Edge’s Stock Rankings‘ momentum metrics have declined sharply week-on-week.

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