Crypto stocks decline as bitcoin prices ease
22/01/2024 11:47
** Shares of cryptocurrency and blockchain-related companies
decline in premarket trading, tracking falling bitcoin prices
** Bitcoin BTC= , the world's biggest cryptocurrency, down
2.1% at $40,735.66 after rising for three straight sessions,
while Ether ETH= falls 4.3% to $2,379.6
** Crypto exchange Coinbase Global COIN.O falls 2.5%,
while Blockchain farm operator Bitfarms Ltd BITF.O down 3.8%
** Crypto miners: Riot Platforms RIOT.O Marathon Digital
MARA.O , U.S.-listed shares of Hut 8 HUT.O , and Bit Digital
BTBT.O down 3.0%-3.2%
** Software firm and BTC buyer MicroStrategy MSTR.O
declines 2.1% and BTC mining machine maker Canaan CAN.O down
5.6%
** ProShares Bitcoin Strategy ETF BITO.P falls 2.3%, while
ETFs tied to spot price of bitcoin like iShares bitcoin ETF
IBIT.O , Ark 21Shares ARKB.N and Grayscale Bitcoin ETF
GBTC.K down between 1.5%-2.3%
** BTC had a stellar 2023, gaining 150% on a yearly basis,
its down around 4% YTD
(Reporting by Shashwat Chauhan in Bengaluru)
((Shashwat.Chauhan@thomsonreuters.com;))