Crypto Stocks Drop As Bitcoin Falls Below $63,000

Tiger Newspress07-16

Bitcoin fell below $63,000 at one time on Tuesday, trimmed its gains from Monday. Bitcoin surged to a two-week high on Monday after the attempted assassination of U.S. presidential candidate Donald Trump raised the odds of the former president, who has presented himself as a champion of cryptocurrency, winning the upcoming election.

Crypto stocks dropped in premarket trading Tuesday. Marathon Digital and Cleanspark fell 2%; MicroStrategy, Riot Platforms, Coinbase and Bit Digital fell more than 1%.

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