A slide, then a rebound
On Sep 15, the CLARITY Act, a US crypto bill, failed to advance in the Senate, and crypto stocks slid, Cointelegraph reported. Over the 24-hour period that included the headline: Coinbase (COIN) −7.4%, Strategy (MSTR) −3.0%.
On Friday, Sep 18, Cointelegraph reported a rebound. In the 4-hour stretch around the US market open that day: Coinbase +8.8%, Strategy +9.1%.
Same bill, same stocks, the same week. This time, the drop around the first headline was not the last word.
How long would you wait before judging a headline?
