Crypto stocks follow Bitcoin's slide as global markets shudder

Future Fintech

19/07/2021 18:13

** Shares of cryptocurrency and blockchain-related firms
fall as Bitcoin  BTC=BTSP  drops 3.3% to $30,727.54 
    ** Global markets fall sharply on fears of a further surge
in COVID-19 cases  MKTS/GLOB 
    ** BTC investment products and funds registered outflows for
a second consecutive week, according to data from digital asset
manager CoinShares  urn:newsml:reuters.com:*:nL1N2OV1DF 
    ** Bitcoin bank Silvergate Capital Corp  SI.N  down 2.7%;
cryptocurrency miners Riot Blockchain  RIOT.O  and Marathon
Digital Holdings  MARA.O  drop 4.6% and 3.5%, respectively
    ** China-based bitcoin mining machine makers Ebang
International  EBON.O  and Canaan Inc  CAN.O  drop 3.7% and
1.5%, respectively    
    ** Overstock.com  OSTK.O , an online retailer and blockchain
tech investor, down 1.3%; MicroStrategy Inc  MSTR.O , a BTC
buyer and business intelligence software firm, 4.4% lower
    ** China-focused SOS  SOS.N  declines 2.1%, while shares of
crypto exchange Coinbase Global  COIN.O  drop 2.3%
    ** YTD, BTC has climbed ~5.9%

 (Reporting by Aaron Saldanha)
 ((Aaron.Saldanha@thomsonreuters.com; +91 9810644993; Reuters
Messaging: Aaron.Saldanha@thomsonreuters.com@reuters.net))