Stock Market Update

[BRIEFING.COM] The major averages continue to trade with modest losses, remaining much improved from opening lows that followed a sharp sell-off in Bitcoin and other cryptocurrencies this morning. 

However, stocks that are tightly associated with the crypto trade remain some of the worst performers today. 

Digital crypto exchange Coinbase Global (COIN 255.04, -17.78, -6.52%) and digital brokerage Robinhood Markets (HOOD 121.50, -6.99, -5.44%) are among the worst-performing names both in the financials sector (-0.3%) and the S&P 500 as a whole. 

Outside of the S&P 500, Strategy Inc (MSTR 156.12, -21.06, -11.88%) and Bitmine Immersion Technologies (BMNR 28.97, -4.15, -12.53%) face even wider losses as the price of Bitcoin (-6.4%) and Ethereum (8.8%) continues to fall.