Crypto stocks decline as bitcoin slides to one-week low

Ebang International Holdings

03/07/2024 14:24

** Cryptocurrency and blockchain-related stocks drop
premarket as bitcoin slides nearly 4% to lowest since Jun 25
    ** Bitcoin  BTC= , world's biggest cryptocurrency, recently
down ~3% at $60,079, while Ether  ETH=  down 2.6% at $3,296.80
        ** Crypto exchange Coinbase Global  COIN.O  off 2%, and
blockchain farm operator Bitfarms  BITF.O  down 2.6% before the
bell
    ** Crypto miners decline: Riot Platforms  RIOT.O  3%, 
Marathon Digital  MARA.O  ~3%, Hut 8  HUT.O  ~3%, Bit Digital
 BTBT.O  ~2%
        ** Shares of software firm, notable BTC buyer
MicroStrategy  MSTR.O  down ~2%
  
    ** ProShares Bitcoin Strategy ETF  BITO.P  loses ~3%
premarket
    ** Including move on Weds, BTC up ~42% YTD

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))