If you’re looking for a nonvolatile investment, stocks related to bitcoin aren’t a good place to look these days. The price of bitcoin has gone up around 150% over the last three months. During that time, many bitcoin-related stocks have made big daily moves — sometimes up, sometimes down.
Today was a down day. CleanSpark (NASDAQ: CLSK) stock fell 8% but had been down 16% earlier in the day. Shares of Xunlei Limited (NASDAQ: XNET) likewise traded 9% lower. For its part, Bit Digital (NASDAQ: BTBT) stock recovered from a 20% plummet early in the day, finishing flat.