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.

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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] 
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