The debate over cryptocurrencies and their inherent value rages on as bitcoin loses 40% of its value since touching an all-time high of $67,553.95 on November 8.

Under Armour, Hershey, Coinbase Global, Bit Digital and Cloudflare are five top gainers for Tuesday.

Bitcoin falls below $30,000 for the first time in about a month and crypto stocks slide as the global market selloff sparks a rush to old-school paper bonds and gold.

Bitcoin’s status often means that when it sneezes, the rest of the crypto world, including Coinbase, suffers a serious cold.

Bitcoin rises above $34,000, allowing it to recover from being in the red year to date, as long-term Bitcoin believers hold on to their stash of the digital token.

Riot Blockchain, Coinbase and other crypto-focused stocks trade higher as Tesla's Elon Musk hints the digital currency will be accepted when it's mined cleaner.

The stocks dropped as Bitcoin, the biggest digital currency, fell on negative comments from Bank of Japan Governor Haruhiko Kuroda.

Bitcoin and other cryptocurrencies advance ahead of Coinbase Global's market debut.

"For 2023, we again expect solid growth in our two most important measures of success: revenue and free cash flow," said CFO Jim Kavanaugh.

"I am deeply sorry for the impact to our employees and customers," said Southwest CEO Bob Jordan.

"We achieved these results while continuing to invest in broadband, our 10G network evolution, Xfinity Mobile, Peacock, and theme parks, and we also took cost actions to further our growth in the future," said CEO Brian Roberts.