Crypto stocks slide as bitcoin comes off 21-month high

Silvergate Capital

03/01/2024 12:39

** Shares of cryptocurrency and blockchain-related companies
decline premarket, tracking a slide in bitcoin prices
    ** Bitcoin  BTC=BTSP , the world's biggest cryptocurrency,
drops 5.9% to $42,330 after hitting a 21-month high on Tuesday,
while ether  ETH=BTSP  declines 6.5% to $2,202.90
    ** Crypto exchange Coinbase Global  COIN.O  drops 6.4%,
while blockchain farm operator Bitfarms  BITF.O  slides 6.7%
    ** Crypto miners: Riot Platforms  RIOT.O , Marathon Digital
 MARA.O , U.S.-listed shares of Hut 8 Mining  HUT.O  and Bit
Digital  BTBT.O  retreat between 8.9% and 10.6%
    ** Software firm and BTC buyer MicroStrategy  MSTR.O  loses
6%
    ** BTC mining machine makers Ebang International  EBON.O 
and Canaan  CAN.O  fall 5% and 8.3%, respectively  
    ** ProShares Bitcoin Strategy ETF  BITO.P  slips 5.8%
    ** BTC had a stellar 2023, rising more than 150% in value
for the calendar year
    

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