Crypto stocks fall as US SEC says no to new rules

Silvergate Capital

18/12/2023 10:07

** Shares of cryptocurrency and blockchain-related companies
fall premarket after the U.S. SEC on Friday denied a petition by
Coinbase Global  COIN.O  seeking new rules for the digital asset
sector
    ** COIN later said it had filed a petition for review of the
decision in court
    ** Bitcoin  BTC=BTSP , the world's biggest cryptocurrency,
falls 0.7% to $41,059, touching a near one-week low, while Ether
 ETH=BTSP  declines 1.7% to $2157.3
    ** COIN shares drop 2.4%, while Blockchain farm operator
Bitfarms  BITF.O  falls 3.4%
    ** Crypto miners: Riot Platforms  RIOT.O , Marathon Digital
 MARA.O , Hut 8 Mining  HUT.O  and Bit Digital  BTBT.O  decline
between 3.3% and 6.9%
    ** Software firm and BTC buyer MicroStrategy  MSTR.O  falls
2.7%, while BTC mining machine maker Canaan  CAN.O  declines
3.1%
    ** ProShares Bitcoin Strategy ETF  BITO.P  slides 2.8%
    ** Up to last close, BTC had risen nearly 150% YTD compared
with a 93.7% increase in the MVIS CryptoCompare Digital Assets
100 Index  .MVDA 

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