Crypto stocks fall after bitcoin's weekend slide

Sos

06/12/2021 09:35

** Shares of cryptocurrency and blockchain-related firms
fall in premarket trading after bitcoin  BTC=BTSP  lost over one
fifth of its value at one point over the weekend
    ** The world's largest digital asset  BTC=BTSP  was last
down 2.4% at $48,279 after falling to as low as $41,967.50 on
Saturday  urn:newsml:reuters.com:*:nL1N2SR0BW
    ** Traders said the fall was connected with risk-off moves
in markets over worries about the Omicron variant of the
coronavirus and lower trading liquidity
    ** U.S.-listed miners Hut 8 Mining Corp  HUT.O , Bit Digital
 BTBT.O , Riot Blockchain  RIOT.O , Marathon Digital Holdings
 MARA.O  down between 4.6% and 10.5%
    ** Blockchain farm operator Bitfarms  BITF.O  slumps 10.7%,
while ProShares Bitcoin Strategy ETF  BITO.K , the first U.S.
bitcoin futures ETF, slides 10%
    ** MicroStrategy  MSTR.O , a BTC buyer and business
intelligence software firm, falls 7%; crypto exchange Coinbase
Global  COIN.O  drops 4.3%
    ** Bitcoin mining machine makers Ebang International
 EBON.O  and Canaan Inc  CAN.O  off 6.9 and 2% each; China-based
SOS  SOS.N  slumps 5.5%; crypto bank Silvergate Capital Corp
 SI.N  down 6%

 (Reporting by Sruthi Shankar)
 ((sruthi.shankar@thomsonreuters.com;))