Crypto Stocks Fell in Premarket Trading, with Riot Blockchain Dropping over 6%
Tiger Newspress2022-05-09
Crypto Stocks Fell in Premarket Trading, with Riot Blockchain Dropping over 6%. Marathon Digital Fell over 5%.
Bitcoin is falling toward levels last seen in July 2021, part of a wider retreat in cryptocurrencies amid a global flight from riskier investments.
Most of the major virtual coins were under pressure over the weekend and the downbeat mood carried over into Monday.
Rising interest rates are giving individual and institutional investors pause for thought about the crypto market outlook, according to Edul Patel, chief executive officer of Mudrex, an algorithm-based crypto investment platform.
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