Blockchain stocks dipped in premarket trading

Tiger Newspress2021-06-21

(June 21) Bitcoin (BTC-USD) started the week in bear mode, Last Wednesday, the Fed's surprise hawkish turn . St. Louis Fed boss Jim Bullard this morning added to things Last Friday morning, saying he believes the first rate hike will come late in 2022.

While that's still a long way off, Fed thinking has clearly gone from continuing to pump the recovery, to caution about overheating. It's hitting risk assets of all sorts, including bitcoin, now down about 6.5% on the session, and barely above $33K.

Blockchain-related players: Microstrategy (MSTR-5.95%), Riot Blockchain (RIOT-5.53%), Marathon Patent (MARA-5.29%), Canaan (CAN-4.30%)

Getting away from price action, adoption continues to grow, with Goldman Sachs this morning hooking up with alumnus Mike Novogratz's Galaxy Digitalto ramp up bitcoin trading offerings for its roster of institutional clients.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Kingggg
2021-06-22
Kingggg
Don’t worry. Buy the dip!
Cyberboyz
2021-06-22
Cyberboyz
Ripple effect for the whole world, need to stay coolas the world is supporting the market
KLCC
2021-06-22
KLCC
So will BTC go up or down this week?
Jianbin
2021-06-22
Jianbin
nice one Goldman Sachs
Skyfishhh
2021-06-22
Skyfishhh
Finally
JFK23
2021-06-22
JFK23
Bitcoin related stock all drop tonite[流淚] [流淚]
- Kingggg:
  HODL

Leave a comment

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Buy the dip!&nbsp;","listText":"Don’t worry. Buy the dip!&nbsp;","text":"Don’t worry. 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related stock all drop tonite[流淚]&nbsp;[流淚]&nbsp;","listText":"Bitcoin related stock all drop tonite[流淚]&nbsp;[流淚]&nbsp;","text":"Bitcoin related stock all drop tonite[流淚] [流淚]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/120316627","repostId":1149553617,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4956693,"gmtCreate":1624370410795,"gmtModify":1663229726141,"authorId":3574851147748176,"author":{"id":3574851147748176,"idStr":"3574851147748176","authorId":3574851147748176,"name":"Kingggg","avatar":"https://static.tigerbbs.com/8716b86786dd9e45f4b5f86ee41b3d47","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 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