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Jan 27 - 07:55 AM

Bitcoin - Crypto Stocks Fall Tracking Bitcoin Weakness

By Sanchayaita Roy  —  Jan 27 - 05:54 AM

• Shares of cryptocurrency and blockchain-related companies fall premarket, as Bitcoin falls below $100,000

• Bitcoin , the world's biggest cryptocurrency, down about 6.3% to $98,547, while Ether falls 8.4% to $3050

• Crypto exchange Coinbase Global falls 6.9%, while Blockchain farm operator Bitfarms Ltd down about 4%

• Crypto miners: Riot Platforms Inc , MARA Holdings , U.S.-listed shares of Hut 8 , and Bit Digital

down between 9.7% to 6.4%

• BTC buyer MicroStrategy declines 6.7%

• Canaan Inc down 5.3%

• ProShares Bitcoin Strategy ETF falls 5.9%

• U.S. President Donald Trump signed executive order last week creating a new working group to draw up crypto regulations, and explore the creation of a U.S. cryptocurrency stockpile

• Crypto markets have soared since Trump's election on hopes for more favourable regulations

• BTC gained 120% in 2024

(Reporting by Sanchayaita Roy in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters

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