Crypto stocks track bitcoin lower after Trump-Harris presidential debate
11/09/2024 09:52
** Shares of U.S. cryptocurrency and blockchain-related
companies decline premarket, tracking losses in bitcoin BTC=
** Democratic candidate Kamala Harris put her Republican
rival Donald Trump on the defensive in a combative presidential
debate on Tuesday
** The former U.S. president has projected himself as the
pro-bitcoin candidate ahead of the election in November
** Speaking at the Bitcoin 2024 convention in Nashville in
July, Trump had positioned himself as the pro-cryptocurrency
candidate
** His return could be a huge win for the industry, which
has often complained of excessive oversight and a hostile
regulatory environment under President Joe Biden
** Bitcoin, the world's biggest cryptocurrency down 1.9%,
while Ether ETH= falls 2%
** Crypto exchange Coinbase Global COIN.O falls 2.7%,
while Blockchain farm operator Bitfarms Ltd BITF.O down 2%
before the bell
** Crypto miners: Riot Platforms Inc RIOT.O Marathon
Digital MARA.O , and U.S.-listed shares of Hut 8 HUT.O down
2.6%-4.1% premarket
** Software firm and BTC buyer MicroStrategy MSTR.O
declines 3.8% premarket
** BTC down ~16% over the past three months, but has gained
~35% YTD
(Reporting by Manya Saini in Bengaluru)
((Manya.Saini@thomsonreuters.com))