CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

MicroStrategy stock tumbles 9% on crypto jitters

17:51 17 May 2021

MicroStrategy (MSTR.US) and other Bitcoin-exposed stocks like Coinbase (COIN.US) fell sharply today after the most popular cryptocurrency plunged to its lowest level since February following Elon Musk comments. Tesla CEO suggested his company might have sold its Bitcoin holdings over the weekend. Even the fact that Musk later clarified that Tesla has not sold any bitcoin did not help the aforementioned stocks. 

MicroStrategy (MSTR.US) shares plunged today due to high correlation with Bitcoin price. The business analytics company holds roughly $5 billion worth of bitcoin. Stock launched today's session lower and if the current sentiment prevails, downward move may be extended to the support at $373.43 which coincides with lower limit of the triangle formation. Source: xStation5

Shares of Coinbase (COIN.US), the largest U.S. cryptocurrency exchange, also fell more than 5.0% and reached all-time low at $238.73.Source: xStation5

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