BUZZ-Crypto stocks slip after Bitcoin hits more than 5-week low

Reuters06-21

** Shares of cryptocurrency and blockchain-related companies fall in US premarket trade

** Bitcoin hits more than 5-week low; last down 1.4% at $64,130

** Crypto exchange Coinbase Global falls 1.8%, while blockchain farm operator Bitfarms Ltd drops 3.5%

** Crypto miners Riot Platforms and Marathon Digital down 1.6% and 2.1%, respectively

** U.S.-listed shares of Hut 8 down 3.4%, and Bit Digital down 1%

** Software firm and BTC buyer MicroStrategy declines 2.2%

** ProShares Bitcoin Strategy ETF falls 1.3%

** Bitcoin prices are still up ~60% YTD

(Reporting by Pranav Kashyap in Bengaluru)

((Pranav.Kashyap@thomsonreuters.com;))

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

We need your insight to fill this gap
Leave a comment