MicroStrategy stock tanks with Bitcoin as S&P 500, Nasdaq rally

Cointelegraph

Published Jun 22, 2021 02:19PM ET

Updated Jun 22, 2021 04:00PM ET

Shares of MicroStrategy (MSTR) plunged anew on Tuesday, extending an early week slump on the back of a highly volatile cryptocurrency market that saw Bitcoin (BTC) briefly pierce below $30,000.

MSTR touched an intraday low of $513.02 through the early morning session, capping off a 12% decline. Shares of the business intelligence firm collapsed 16.7% on Monday, erasing much of last week’s rally.

MSTR shares recovered back above $550 on Tuesday but are still down sharply over the past two trading sessions. Source: TradingView

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