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Why Coinbase, Silvergate Capital, and Marathon Digital Holdings Are Falling This Week

Bram Berkowitz, The Motley Fool
·3 min read
Why Coinbase, Silvergate Capital, and Marathon Digital Holdings Are Falling This Week

Shares of several crypto stocks crashed this week as investors geared up for third-quarter earnings reports and in the wake of the Federal Reserve's November meeting earlier this week. For the week, shares of the large crypto exchange Coinbase (NASDAQ: COIN) traded more than 20% lower in the final hour of trading Thursday, according to data provided by S&P Global Market Intelligence. Shares of the crypto bank Silvergate Capital (NYSE: SI) traded nearly 14% lower, and shares of the Bitcoin miner Marathon Digital Holdings (NASDAQ: MARA) were down nearly 23%.

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