Most of the stock market’s attention has been directed to cryptocurrency, the hottest and most popular niche of the technology sector today. The idea behind most decisions is that, as the price of Bitcoin keeps rallying near an all-time high of $100,000 per coin, most—if not all—of the names related to cryptocurrencies will rally along with Bitcoin. That’s the one flaw most investors are coming to realize today.
For better or for worse, there is a major divide in the cryptocurrency stock universe today, even after signs from the gold market gave way to a buy signal for Bitcoin and its verticals. Shares of MicroStrategy Inc. (NASDAQ: MSTR) have plummeted by as much as 18.2% in a single day, shedding more than 25% of the company’s market capitalization in the process.
