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Crypto-linked stocks fall as bitcoin slides ahead of Clarity Act vote, Fed decision

BUZZ-Crypto-linked stocks fall as bitcoin slides ahead of Clarity Act vote, Fed decision

** Shares of cryptocurrency and blockchain-related companies fall premarket

** Bitcoin BTC= falls nearly 3% ahead of voting on Clarity Act later in the day, and the Federal Reserve's rate decision on Wednesday

** The Clarity Act aims to create a regulatory framework for cryptocurrencies, and had stalled amid concerns of insufficient ethics and illicit finance safeguards

** Bitcoin BTC=, the world's biggest cryptocurrency, down 2.9% at $76,833.83, while Ether ETH= falls 3.8% to $2471.74

** Crypto exchange Coinbase Global COIN.O falls 4.7%

** Crypto miners: Riot Platforms Inc RIOT.O MARA Holdings MARA.O, Hut 8 HUT.O, and Bit Digital BTBT.O down between 1.6% and 2.2%

** BTC buyer Strategy MSTR.O slips 4.5%

** BTC mining machine maker Canaan Inc CAN.O down 5%

** ProShares Bitcoin Strategy ETF BITO.P falls 2.8%

** iShares Bitcoin Trust ETF IBIT.O down 2.8%

** As of last close, BTC down 12.4% YTD, ETH down 17%


(Reporting by Utkarsh Hathi in Bengaluru)

((utkarshtushar.hathi@thomsonreuters.com))

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