Crypto stocks: Slide as Bitcoin drops to $53,800

Sos

04/05/2021 18:34

** Shares of cryptocurrency and blockchain-related firms
fall as Bitcoin  BTC=BTSP  drops 6% to $53,800
    ** Robinhood faced issues with crypto trading earlier in the
day; now says all systems operational  urn:newsml:reuters.com:*:nFWN2MR18U
    ** Bitcoin bank Silvergate Capital Corp  SI.N  down 2.7%;
cryptocurrency miner Riot Blockchain  RIOT.O  weakens 10.4% and
Marathon Digital Holdings  MARA.O  is 9.2% lower    
    ** Shares of Overstock.com  OSTK.O , an online retailer and
blockchain tech investor, down 6%
    ** Shares of MicroStrategy Inc  MSTR.O , a BTC buyer and
business intelligence software firm, falls 4.4% 
    ** China-focused SOS  SOS.N  drops 3.3%, while shares of
crypto exchange Coinbase Global Inc  COIN.O  down 4.9% 
    ** YTD, BTC has climbed ~86%, aided by broader institutional
acceptance

 (Reporting by Aaron Saldanha)
 ((Aaron.Saldanha@thomsonreuters.com; +91 9810644993; Reuters
Messaging: Aaron.Saldanha@thomsonreuters.com@reuters.net))