Crypto stocks decline as bitcoin touches six-week low

Silvergate Capital

01/08/2023 10:50

** Shares of cryptocurrency and blockchain-related companies
fall in premarket trading as bitcoin prices touch a six-week low
    ** Bitcoin  BTC=BTSP , the world's biggest cryptocurrency,
down 1.0% at $28,935.0, while Ether  ETH=BTSP  falls 1.2% to
$1,833.30
    ** Crypto exchange Coinbase Global  COIN.O  falls 3.0%,
while Blockchain farm operator Bitfarms Ltd  BITF.O  down 2.7%
    ** Crypto miners Riot Platforms Inc  RIOT.O , Marathon
Digital  MARA.O , Hut 8 Mining  HUT.O  and Bit Digital  BTBT.O 
down 2.8% - 4.5%
    ** Software firm and BTC buyer MicroStrategy  MSTR.O 
declines 1.6% 
    ** BTC mining machine maker Canaan Inc  CAN.O  down 4.1%  
    ** ProShares Bitcoin Strategy ETF  BITO.P  falls 3.1%
    ** As of last close, BTC had risen over 75% YTD compared
with a near 45% increase in the MVIS CryptoCompare Digital
Assets 100 Index  .MVDA 

 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com;))