Crypto stocks drop as bitcoin slips below $40,000
22/01/2024 20:04
** Shares of cryptocurrency and blockchain-related companies
fall, tracking a drop in Bitcoin BTC= , the world's biggest
cryptocurrency
** BTC fell to a seven-week low on Monday, trading below
$40,000 for the first time since the launch of 11 spot
exchange-traded funds on Jan. 11; BTC last down 4.6%
** Crypto miners: Riot Platforms Inc RIOT.O , Marathon
Digital MARA.O , U.S.-listed shares of Hut 8 HUT.O , and Bit
Digital BTBT.O down between 0.5% and 5.4%
** Software firm and BTC buyer MicroStrategy MSTR.O
declines 4.49%
** BTC mining machine makers Ebang International EBON.O
and Canaan Inc CAN.O down 2.3% and 4.6%, respectively
** Crypto exchange Coinbase Global COIN.O falls
marginally, while Blockchain farm operator Bitfarms Ltd BITF.O
down 3.1%
** BTC surged more than 150% in 2023 and helped crypto stocks
rocket
** Rallied strongly since June after several heavyweight
financial firms filed with the U.S. SEC to launch ETFs tracking
the spot price of the digital asset
(Reporting by Manya Saini in Bengaluru)
((Manya.Saini@thomsonreuters.com))