Crypto stocks fall tracking bitcoin weakness

Keel Infrastructure

25/02/2025 09:56

** Shares of cryptocurrency- and blockchain-related
companies fall premarket as Bitcoin slides to more than three
months' low on Tuesday
    ** Bitcoin  BTC= , the world's biggest cryptocurrency, down
5.4% at $88,752,  its lowest since November
    ** Ether  ETH=  falls 9.5% to $2,388
    ** Traders continue to process last week's hack of $1.5
billion worth of ether from crypto exchange Bybit
    ** Crypto exchange Coinbase Global  COIN.O  falls 4.6%,
while Blockchain farm operator Bitfarms Ltd  BITF.O  down 7.3%
    ** Crypto miners Riot Platforms Inc  RIOT.O  down 3.8%, MARA
Holdings  MARA.O  drops 6.3%, Hut 8  HUT.O  falls 5.1% and Bit
Digital  BTBT.O  down 7%
    ** BTC buyer MicroStrategy  MSTR.O  declines 6.2% 
    ** BTC mining machine maker Canaan Inc  CAN.O  down 9% 
    ** ProShares Bitcoin Strategy ETF  BITO.P  falls 5.7% and
iShares Bitcoin Trust ETF  IBIT.O  slips 5.5%
    ** As of last close, BTC had fallen 5% YTD

 (Reporting by Sanchayaita Roy in Bengaluru)
 ((sanchayaita.roy@thomsonreuters.com))