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BTBT Bit Digital, News Story

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FinancialsSpeculativeMid CapSucker Stock

Crypto-related stocks drop following falls in Bitcoin, Ethereum

** Shares of cryptocurrency and blockchain-related names drop premarket, tracking lower Bitcoin and Ether prices

** Bitcoin BTC=, world's largest cryptocurrency, down 4% at $111,180.28; Ether ETH= slides 7.6% to $3,965.84

** This as Wall Street futures dip as U.S.-China trade tensions weigh .N

** Shares of crypto exchange Coinbase Global COIN.O off 3.5% before the bell

** BTC hoarder Strategy MSTR.O, formerly known as MicroStrategy, down 4.7%

** Retail trading platform Robinhood HOOD.O slips 2.7%

** Crypto miners down: Riot Platforms RIOT.O 3.5%, Mara Holdings MARA.O 3.8%, Cleanspark CLSK.O 4.5%,  Bit Digital BTBT.O 4.5%

** ProShares Bitcoin Strategy ETF BITO.P and iShares Bitcoin Trust ETF IBIT.O both down about 4%

** BTC plunged as low as $104,782.88 over the weekend following a record crypto liquidation last Fri, as options market investors rush to hedge against another crash in BTC and ETH

** Including moves on Tues, BTC up ~19% YTD, while ETH up ~18%

 (Lance Tupper is a Reuters market analyst. The views expressed are his own)

 ((lance.tupper@tr.com 1-646-279-6380))

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