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3 Stocks Affected by the Decline in Crypto

Are these three stocks a buy after the decline in Bitcoin?

By Jose Najarro – Jun 20, 2022 at 10:00AM EST

Today's video focuses on Nvidia (NVDA +5.93%), Coinbase (COIN +0.19%), and Block (SQ 0.59%) and the different solutions each company provides to the crypto market. As cryptocurrencies go down, investors may fear that future revenue for the three companies could decrease. Check out the short video below to learn how vital are crypto prices for these three companies. 

*Stock prices used were the closed prices of June 17, 2022. The video was published on June 18, 2022.



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About the Author

Jose Najarro
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
TMFJoseNajarro
X@_JoseNajarro

Jose Najarro has positions in Block, Inc., Coinbase Global, Inc., and Nvidia. The Motley Fool has positions in and recommends Block, Inc., Coinbase Global, Inc., and Nvidia. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$208.15
(+5.93%)+$11.65
Block Stock Quote
Block
NYSE: XYZ
$70.83
(-0.59%)-$0.42
Bitcoin Stock Quote
Bitcoin
CRYPTO: BTC
$81,150.00
(+0.17%)+$138.15
Ethereum Stock Quote
Ethereum
CRYPTO: ETH
$2,344.58
(-0.61%)-$14.48
Coinbase Global Stock Quote
Coinbase Global
NASDAQ: COIN
$197.96
(+0.11%)+$0.21

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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