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Why Coinbase, Riot Platforms, and Cipher Mining Are Falling This Week

Bram Berkowitz, The Motley Fool
·3 min read
Why Coinbase, Riot Platforms, and Cipher Mining Are Falling This Week

Shares of many crypto stocks and cryptocurrencies fell this week as the Securities and Exchange Commission (SEC) continued to crack down on the industry. Shares of Coinbase (NASDAQ: COIN) are trading more than 16% lower for the week as of 11:39 a.m. ET Thursday, according to data from S&P Global Market Intelligence. Meanwhile, shares of the Bitcoin-mining company Riot Platforms (NASDAQ: RIOT) traded nearly 9% lower, while shares of Cipher Mining (NASDAQ: CIFR) were down roughly 11.6%.

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