Crypto-Linked Stocks Marathon, Riot and Coinbase Are Top Financial Movers of the Week (NYSE:WTM)

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It was a difficult week for cryptocurrency-related stocks across the financial sector as Bitcoin (BTC-USD) extended its decline. Decline of 2.7%. Following the approval of exchange-traded funds that invest directly in Bitcoin, BTC began to slide from its highs Sign. JPMorgan Chase (JPM) CEO Jamie Dimon recently said that he would advise his customers not to touch the coin or one of the spot ETFs.

As financial earnings season begins, traditional financial stocks (with a market capitalization of over $2 billion) rose slightly in the week ending January 19th. The Financial Select Sector SPDR ETF (NYSEARCA:XLF) increased slightly by 0.7%compared to the S&P 500 1.2% increase.

At the top of the losers list is Marathon Digital (NASDAQ:MARA) decreased by 28% during a week in which Generate Capital's purchase of two Bitcoin (BTC-USD) mining sites was completed;

Riot Platforms (NASDAQ:RIOT), another BTC miner, slipped 21.4%;

India's HDFC Bank (NYSE:HDB) Lost 14.6% following the release of third quarter results;

Credit card issuer Discover Financial Services (NYSE:DFS) fell by 12.5% due to a quarterly earnings miss and analyst downgrade; And

Crypto exchange Coinbase Global (NASDAQ:COIN) rounded out the five biggest losers with a 11.6% lossas it argued that the Securities and Exchange Commission should dismiss a lawsuit accusing the company of selling unregistered securities.

Among the winners is Argentine lender Grupo Financiero Galicia SA (NASDAQ:GGAL) took the lead, Jump of 8.9%;

Property and casualty insurer Travelers Companies (NYSE:TRV) rose by 8.6% after fourth-quarter results exceeded Wall Street expectations;

Hamilton Lane (NASDAQ:HLNE) accelerated 7.6%;

PayPal holdings (NASDAQ:PYPL) increased by 7.3% even after Mizuho downgraded the payments giant to neutral; And

White Mountains Insurance Group (NYSE:WTM) scored a Increase of 7.3%.

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