Companies like Tesla, Micro Strategy that have invested a huge sum in Bitcoin take a serious hit after the currency has seen a run down after its ‘mining’ is reduced to negligible seeing the environmental hazards it has been causing at the sites.
Not only these companies but also Dow Jones (decrease by 1.18%), S&P (decrease by 1.27%) and Nasdaq composite (decrease by 1.53%). On the other hand companies like Lowe’s, Home Depot have been riding on their highs by an amping up of 26% and 31% due to the pandemic.
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