Shares of MicroStrategy and Coinbase collapsed amid a decline in the price of bitcoin

On June 13, the trading session on stock exchanges in the United States opened with a significant drop in stocks focused onthe cryptocurrency industry of companies.

Over the past 24 hours, Bitcoin has lost 13.3%, according to CoinGecko. The price of digital gold has fallen below $24,000, at the time of writing, the asset is trading near $23,740.

At the open, shares of analytics software provider MicroStrategy fell 25.24%, Coinbase 13.5% and Silvergate Capital 14%.

According to Bitcoin Treasuries, MicroStrategy now owns 129,218 BTC worth just over $3 billion.

Earlier, the head of the company, Michael Saylor, once again confirmed his commitment to the first cryptocurrency.

At the time of writing, miners were also in the red zone:

• shares of Marathon Digital fell 12.33%;
• Riot Blockchain - by 10.46%;
• Core Scientific - by 12.45%;
• Bitfarms - by 9.43%;
• Bit Digital - by 8.8%;
• Argo Blockchain - by 16.64%;
• Hut 8 Mining and Hive Blockchain lost 10% and 9.6% respectively.

Nasdaq 100 futures fell 2.54% and S&P 500 futures fell 2.5%.

On June 10, the US Department of Labor reported that annual inflation in May accelerated from 8.3% in April to 8.6%. Against this background, the price of bitcoin failed the level of $30,000.

Recall that the founder of Galaxy Digital, Mike Novogratz, allowed a further decline in the cryptocurrency market. In his opinion, the next few quarters will be volatile due to the negative on Wall Street.