Crypto stocks drop as bitcoin slides below $61,000
30/04/2024 14:07
** Cryptocurrency and blockchain-related firms drop
premarket as bitcoin slides as much as 3.5% to $60,717.96,
lowest since Apr 19
** Bitcoin BTC= , world's biggest cryptocurrency, recently
down 2.8% at $61,181, while Ether ETH= off 5.3% to $3,008.37
** This as Asia's first spot bitcoin and ether ETFs make
lukewarm Hong Kong debut on Tues
** Crypto exchange Coinbase Global COIN.O nearly 2%,
and blockchain farm operator Bitfarms BITF.O off 3% before the
bell
** Crypto miners fall: Riot Platforms RIOT.O 4%, Marathon
Digital MARA.O 4%, Hut 8 Mining HUT.O 3%, Bit Digital
BTBT.O ~2%
** Shares of software firm and BTC buyer MicroStrategy
MSTR.O tumbles >6% premarket after
swinging to net loss
as it took impairment loss
** BTC mining machine makers Ebang International EBON.O
and Canaan Inc CAN.O both decline about 4%
** ProShares Bitcoin Strategy ETF BITO.P off 3% premarket
** With move on Tues, BTC up ~44% 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))