Crypto stocks gain as Bitcoin finds footing

BTC Health

15/11/2022 15:37

** Shares of cryptocurrency and blockchain-related companies
rise in early trading as Bitcoin  BTC=BTSP , the world's biggest
cryptocurrency, rises 1.7% to $16,873
    ** Ether  ETH=BTSP  adds 1.6% to $1,262 
    ** BTC has tumbled 17.6% and ETH 19.8% this month as crypto
assets crashed after panicked traders withdrew $6 billion from
FTX, one of the world's largest crypto exchanges, in just 72
hours; FTX filed for bankruptcy after rival Binance abandoned a
rescue deal
    ** FTX outlined a "severe liquidity crisis" in U.S.
bankruptcy filings, which said the group could have more than 1
million creditors
    ** Crypto exchange Coinbase Global  COIN.O  rises 5.7%,
while blockchain farm operator Bitfarms Ltd  BITF.O  up 4.5%
    ** Crypto miners: Riot Blockchain  RIOT.O , Marathon Digital
 MARA.O , Hut 8 Mining  HUT.O , Bit Digital  BTBT.O  and Core
Scientific  CORZ.O  up between 3.4% and 10.3%
    ** Crypto banks Silvergate Capital  SI.N  and Signature Bank
 SBNY.O  up 2.7% and 8%, respectively
    ** Software firm and BTC buyer MicroStrategy  MSTR.O  gains
5.4%
    ** BTC mining machine makers Ebang International  EBON.O 
and Canaan Inc  CAN.O  up 3.5% and 2.7%, respectively  
    ** ProShares Bitcoin Strategy ETF  BITO.P  adds 4.0%
    ** MVIS CryptoCompare Digital Assets 100 Index  .MVDA  has
fallen 63.7% so far this year
 (Reporting by Bansari Mayur Kamdar in Bengaluru)
 ((BansariMayur.Kamdar@thomsonreuters.com))