Crypto Stocks Fell in Morning Trading, with Coinbase Stock Dropping over 15%

Tiger Newspress2022-05-12

Crypto Stocks Fell in Morning Trading, with Coinbase Stock Dropping over 15%.

Riot Blockchain, Marathon Digital, Block and SOS Limited fell between 1% and 7%.

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Comments

  • vlcs
    2022-05-13
    vlcs
    Ok
  • PearlynCSY
    2022-05-13
    PearlynCSY
    More than $200 billion erased from entire crypto market in a day as sell-off intensifies. The price of bitcoin plunged below $26,000 on Thursday, hitting its lowest level in 16 months. Ether, the second-biggest digital currency, tanked below $2,000 per coin. The collapse of stablecoin terraUSD has led to fears of a broader market contagion. Investors are fleeing from cryptocurrencies at a time when stock markets have plunged from the highs of the coronavirus pandemic on fears over soaring prices and a deteriorating economic outlook. U.S. inflation data out Wednesday showed prices for goods and services jumping 8.3% in April, higher than expected by analysts and close to the highest level in 40 years.
  • andrew123
    2022-05-13
    andrew123
    Like 
  • vaicrazy
    2022-05-13
    vaicrazy
    Ok
  • N00b
    2022-05-13
    N00b
    Ok
  • Michane
    2022-05-12
    Michane
    Fall till no bottom!
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