Matrixport: Crypto stocks enter consolidation phase after 18 months of strong growth

Matrixport released daily chart analysis, stating that in the past 18 months, our cryptocurrency concept stock index has clearly outperformed Bitcoin. However, with the recent pullback in the stock prices of leading companies such as MicroStrategy, Coinbase, and Metaplanet, the index is beginning to show signs of a pullback. The cooling of buying interest in Circle after its listing further confirms the lack of momentum in new stock market trends.