Markets turned bearish on cryptocurrency related stocks on Monday with Coinbase Global, Robinhood Markets, Marathon Holdings and MicroStrategy Incorporated facing selling pressure.
Coinbase Global stock price touched 52-week high before closing 3 percent lower. Yesterday, Bitcoin touched all-time high close to $104,500 but declined by the afternoon session.
Microchip Technology, a prominent player in the semiconductor industry, faces critical challenges including oversupply issues, inventory adjustments, and a recent leadership shift.