Crypto stocks slip as bitcoin briefly slides below $40,000

Sos

10/01/2022 15:18

** Shares of cryptocurrency and blockchain-related firms
fall after bitcoin  BTC=BTSP  briefly slides below $40,000 to a
5-month low 
    ** The world's largest digital asset  BTC=BTSP  was last
down 2.6% at $40,800 after falling to as low as $39,558.70 on
Monday
    ** Ether  ETH=BTSP  also falls as much as 7.2 to $2,926, its
lowest since Sept. 30, 2021
    ** U.S.-listed miners Bit Digital  BTBT.O , Hut 8 Mining
Corp  HUT.O , Marathon Digital Holdings  MARA.O  and Riot
Blockchain  RIOT.O  down between 2.3% and 5.4%
    ** Blockchain farm operator Bitfarms  BITF.O  slips 2.8%,
while online retailer and blockchain tech investor Overstock.com
Inc  OSTK.O  falls 1.9% 
    ** The Nasdaq crypto index  .NCID  which tracks a basket of
digital assets, slides 2.9%; ProShares Bitcoin Strategy ETF
 BITO.K , the first U.S. bitcoin futures ETF, drops 3.2%
    ** MicroStrategy  MSTR.O , a BTC buyer and business
intelligence software firm, dips 4.6%; crypto exchange Coinbase
Global  COIN.O  drops 6.6%
    ** Bitcoin mining machine makers Ebang International
 EBON.O  and Canaan Inc  CAN.O  off 9.3 and 2.5%, respectively
    ** China-based SOS  SOS.N  slumps 4%; crypto bank Silvergate
Capital Corp  SI.N  plunges 7.1%

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))