Affected by the downturn in the cryptocurrency market, cryptocurrency-related markets have moved in tandem.

According to data from January 22, as the cryptocurrency market declined, related commodities such as miners and cryptocurrency exchanges also declined. Shares of MicroStrategy (MSTR) and Greyscale Bitcoin Trust (GBC), which hold large BTC holdings, fell 8% and 13% respectively. Shares of cryptocurrency and equity trading platform Robinhood (HOOD) fell 4%, while Coinbase (COIN) fell nearly 10%. Shares of other companies, including PayPal and Block, also fell 1%. Tesla closed 0.62% above its opening price except. Shares of crypto miners such as Hut 8 Mining (HUT), Hive Blockchain (HIVE), Riot Blockchain (RIOT), Marathon Digital Holdings (MARA), and Bitfarms (BITF) also lost more than 5% in trading volume. According to analysts, Bitcoin and other crypto assets lost an average of 12% during this period, which is responsible for the fall in stock prices. (Bencrypto)