Matrixport released a daily icon analysis saying that in the past 18 months, our crypto-concept stock index has clearly outperformed Bitcoin, but with the recent correction in the stock prices of leading companies such as MicroStrategy, Coinbase, and Metaplanet, the index has begun to show signs of correction. The cooling of buying after Circle's listing further confirms the lack of momentum in the new stock market.
The current lack of institutional participation may reflect the seasonal weakness of the summer. Prices are likely to consolidate further in the short term, supported by the lack of major crypto IPOs.
Matrixport: Crypto stocks enter consolidation phase after 18 months of strong gains
2025-08-20 06:49:29
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