Shares of crypto-linked stocks are trading lower amid a drop in Bitcoin and a declining probability that the CLARITY ACT will pass during this Congressional session, with reports suggesting that some Republicans raised questions about the act's impact on the banking system. Also, the industry may be weighed down by Coinbase Global after the company reported its Q2 financial results.

Why American Bitcoin (ABTC) Stock Is Sliding Friday

Shares of American Bitcoin are trading lower Friday, pulling back from Thursday’s rally amid digital-asset weakness after labor market data.

Shares of software companies are trading lower after August's hotter-than-expected payrolls report increased expectations that the Federal Reserve could raise interest rates at its next meeting. A stronger U.S. dollar and higher rate expectations are weighing on growth stocks by reducing investor appetite for higher-risk assets.

Shares of crypto-related companies are trading lower amid a decline in Bitcoin prices following August's hotter-than-expected payrolls report, which boosted expectations for a potential Federal Reserve rate hike at its next meeting. A stronger U.S. dollar and higher interest-rate expectations are further weighing on crypto and other risk assets by reducing investor appetite for speculative investments.

Eric Trump Says Our Mission Hasn't Changed as American Bitcoin Marks One Year of Going Public, but ABTC Stock Got Battered

Eric Trump celebrated on Thursday, Sept. 3, the first anniversary of American Bitcoin Corp. going public, reiterating the vision of making the U.S. a leader in the Bitcoin economy.

B. Riley Securities Maintains Buy on Strive, Raises Price Target to $26

B. Riley Securities analyst Fedor Shabalin maintains Strive (NASDAQ:ASST) with a Buy and raises the price target from $16 to $26.

Why Is BitMine Stock Surging on Thursday?

BitMine stock traded higher Thursday as Ether rose 3.51% and analysts highlighted treasury expansion strategies.