U.S.-listed crypto stocks slide on China crackdown

Sos

24/09/2021 11:06

** Shares of firms related to cryptocurrency and blockchain
fall premarket as bitcoin  BTC=BTSP  drops 4.1% to $43,077.44 
    ** Bitcoin fell more than 5% after China's central bank bans
overseas exchanges from providing services to mainland investors
 urn:newsml:reuters.com:*:nL8N2QQ1ST
    ** Cryptocurrency miners Riot Blockchain  RIOT.O  and
Marathon Patent Group  MARA.O  tumble 4.5% and 5%, respectively,
while bitcoin bank Silvergate Capital Corp  SI.N  down 1.8%
    ** China-based Future Fintech Group Inc  FTFT.O  slides 4.4%
    ** Shares of Overstock.com  OSTK.O , an online retailer and
blockchain tech investor, down 0.5% in thin trade; MicroStrategy
Inc  MSTR.O , a BTC buyer and business intelligence software
firm, slips 2.5% 
    ** China-focused SOS  SOS.N  sheds 1.2%, while shares of
crypto exchange Coinbase Global  COIN.O  drop 2.1%
    ** Bitcoin mining machine makers Ebang International
 EBON.O  and Canaan Inc  CAN.O  fall 3.4% and 5.8%, respectively
 
    ** YTD, BTC has risen nearly 50%, broadly lifting the market
values of crypto-related stocks with it

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