Coinbase Falls 2.72% as Nasdaq Composite Gains 1.11% on Chip Rebound

Coinbase and three other crypto-linked stocks fell Monday as the Nasdaq Composite gained 1.11% in a chip-led rebound. At the 4 p.m. ET (20:00 UTC) close on Oct. 19, Coinbase was down 2.72%. Strategy declined 0.59%, BitMine lost 0.42% and Circle slipped 1.03%. The S&P 500 rose 0.41%, while the Dow Jones Industrial Average edged down 0.07%. The mixed index results followed a week in which the Nasdaq fell 4.5% and the S&P 500 lost nearly 2%. Chip and memory shares helped lift the Nasdaq. Nvidia gained 1.38%, Advanced Micro Devices rose 1.76% and Micron Technology climbed 2.97%.

Source: TokenPost