Crypto stocks ease as bitcoin prices fall to two-week low

Ebang International Holdings

19/03/2024 08:58

** Shares of cryptocurrency and blockchain-related companies
slide premarket as bitcoin prices hit lowest levels in two weeks
    ** Bitcoin  BTC=  eases 5.8% to two-week low of $63,373,
falling further away from Thursday's all-time high
    ** Concerns that the Federal Reserve might start cutting
interest rates later than expected have also dampened appetite
for riskier assets like cryptocurrency
    ** Ether prices  ETH=  fall 7.3% to $3,250
    ** Coinbase Global  COIN.O  falls 5%, Bitfarms  BITF.O  down
1.8%
    ** Riot Platforms  RIOT.O  Marathon Digital  MARA.O ,
U.S.-listed shares of Hut 8  HUT.O  and Bit Digital  BTBT.O 
down 3.7%-5.9%
    ** Software firm and BTC buyer MicroStrategy  MSTR.O 
decline 8.6%
    ** BTC mining machine maker Canaan  CAN.O  down 1.5%, while
ProShares Bitcoin Strategy ETF  BITO.P  falls 4.8%
    ** Up to last close, BTC had risen 50% YTD, compared with a
44.68% increase in the MVIS CryptoCompare Digital Assets 100
Index  .MVDA 

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))