Crypto Stocks Fell in Morning Trading, With Riot Blockchain Stock Dropping over 6%

Tiger Newspress2022-06-07

Marathon Digital, Coinbase, SOS Limited, PayPal, and Block fell between 1% and 5%.Bitcoin fell back below $30,000 to the lowest in a week as yet another attempt at upward momentum lost steam amid risk-off markets.

The moves come a day after Bitcoin climbed back above $31,000, sparking expectations among some investors that it has more room to rise. But it faced “significant resistance” around $31,500 to $32,000, according to Marcus Sotiriou, an analyst at UK-based digital asset broker GlobalBlock.

“This market is languishing,” said Adam Farthing and Collin Howe of crypto liquidity provider B2C2 in a note. “Without a catalyst to the upside, current sentiment is likely to keep prices rangebound, with some clear and immediate risk of a break lower.”

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

andrew123
2022-06-09
andrew123
Like
WJ77
2022-06-07
WJ77
😭
Bryan Tee
2022-06-07
Bryan Tee
Thanks for sharing
KFFun
2022-06-07
KFFun
Ok
Gibbie
2022-06-07
Gibbie
Where is the moon?
JokerForever
2022-06-07
JokerForever
Down..

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is the moon?&nbsp;","listText":"Where is the moon?&nbsp;","text":"Where is the moon?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051084125","repostId":1170558594,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9051084953,"gmtCreate":1654609731472,"gmtModify":1676535477583,"author":{"id":"4089081450453300","authorId":"4089081450453300","name":"JokerForever","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4089081450453300","idStr":"4089081450453300"},"htmlText":"Down..&nbsp;","listText":"Down..&nbsp;","text":"Down..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051084953","repostId":1170558594,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":74,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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