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Blockchain stocks dipped in premarket trading

Tiger Newspress2021-06-21

(June 21) Bitcoin (BTC-USD) started the week in bear mode, Last Wednesday, the Fed's surprise hawkish turn . St. Louis Fed boss Jim Bullard this morning added to things  Last Friday morning, saying he believes the first rate hike will come late in 2022.

While that's still a long way off, Fed thinking has clearly gone from continuing to pump the recovery, to caution about overheating. It's hitting risk assets of all sorts, including bitcoin, now down about 6.5% on the session, and barely above $33K.

Blockchain-related players: Microstrategy (MSTR-5.95%), Riot Blockchain (RIOT-5.53%), Marathon Patent (MARA-5.29%), Canaan (CAN-4.30%)

Getting away from price action, adoption continues to grow, with Goldman Sachs this morning hooking up with alumnus Mike Novogratz's Galaxy Digitalto ramp up bitcoin trading offerings for its roster of institutional clients.

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.

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Comment52

  • Kingggg
    ·2021-06-22
    Don’t worry. Buy the dip! 
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  • Cyberboyz
    ·2021-06-22
    Ripple effect for the whole world, need to stay coolas the world is supporting the market
    Reply
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  • KLCC
    ·2021-06-22
    So will BTC go up or down this week?
    Reply
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  • Jianbin
    ·2021-06-22
    nice one Goldman Sachs
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  • Skyfishhh
    ·2021-06-22
    Finally
    Reply
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  • JFK23
    ·2021-06-22
    Bitcoin related stock all drop tonite[流淚] [流淚] 
    Reply
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    • Kingggg
      HODL
      2021-06-22
      Reply
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  • JFK23
    ·2021-06-22
    Mara drop[捂臉] [捂臉] 
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  • Honzell
    ·2021-06-21
    Ncty to the moon
    Reply
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  • nujnay
    ·2021-06-21
    like and comment ~
    Reply
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  • xiggie
    ·2021-06-21
    Shiba inu to the moon??  ?
    Reply
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  • StLiaS
    ·2021-06-21
    hmm.. like n comments pls
    Reply
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  • JohnM
    ·2021-06-21
    like and comment
    Reply
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  • gloster
    ·2021-06-21
    V
    Reply
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  • ritchie
    ·2021-06-21
    [微笑] 
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  • Ahbaoking
    ·2021-06-21
    GG
    Reply
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  • Yappie830
    ·2021-06-21
    So should sell?
    Reply
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  • ggTemple
    ·2021-06-21
    This really sucks
    Reply
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  • Rep
    ·2021-06-21
    like and comment pls
    Reply
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    • RepReplying toKendaman
      tks
      2021-06-21
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    • ACCY
      Pls like and comment too. thanks
      2021-06-21
      Reply
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    • Rep
      tks
      2021-06-21
      Reply
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    View more 1 comments
  • tzyan35
    ·2021-06-21
    Dip
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  • cl1689
    ·2021-06-21
    Pls like n comment
    Reply
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    • Rep
      reply me back
      2021-06-21
      Reply
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    • ggTemple
      Comment
      2021-06-21
      Reply
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