BUZZ-Crypto stocks drop as bitcoin slides below $61,000

Reuters04-30

** Cryptocurrency and blockchain-related firms drop premarket as bitcoin slides as much as 3.5% to $60,717.96, lowest since Apr 19

** Bitcoin , world's biggest cryptocurrency, recently down 2.8% at $61,181, while Ether off 5.3% to $3,008.37

** This as Asia's first spot bitcoin and ether ETFs make lukewarm Hong Kong debut on Tues

** Crypto exchange Coinbase Global nearly 2%, and blockchain farm operator Bitfarms off 3% before the bell

** Crypto miners fall: Riot Platforms 4%, Marathon Digital 4%, Hut 8 Mining 3%, Bit Digital

~2%

** Shares of software firm and BTC buyer MicroStrategy

tumbles >6% premarket after

swinging to net loss

as it took impairment loss

** BTC mining machine makers Ebang International and Canaan Inc both decline about 4%

** ProShares Bitcoin Strategy ETF off 3% premarket

** With move on Tues, BTC up ~44% YTD

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))

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