HIVE Blockchain stock slides in tandem with MicroStrategy after crypto reversal

Cryptocurrency miner HIVE Blockchain Technologies (NASDAQ:HVBT) slides 1.3% out of the gates, as well as MicroStrategy (NASDAQ:MSTR) (-3.3%) following a decline in Bitcoin (BTC-USD) and Ethereum (ETH-USD). Recently, Bitcoin's market capitalization surpassed $2T, as the largest crypto rose from ~$31K in mid-July to $46.3K on Monday. Bitcoin (BTC-USD) clearly has momentum behind the recent rally, but that may slow with potential resistance at the $50K level. The crypto giants, however, have not fully recovered from its mid-May peak, while HIVE (HVBT) has erased all losses since it got uplisted to the NASDAQ in the start of July. Shares of HIVE (HVBT) climb 28% M/M, while MicroStrategy (MSTR) is also up 26% M/M. It seems that former hedge fund manager Will Meade was well ahead of the HIVE's (HVBT) stock rally, as he expressed at end-June that HIVE (HVBT) "will be the most liquid and lowest priced bitcoin-ethereum stock available for trading on Robinhood," he wrote in