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TDUX
Jun 02 - 01:55 PM

Bitcoin - Crypto-Related Stocks Drop As Bitcoin Slumps To Two-Month Low

By Lance Tupper  —  Jun 02 - 11:56 AM

• Cryptocurrency and blockchain-related stocks drop on Tues, as bitcoin extends losing streak to three days

• Bitcoin, world's largest cryptocurrency, falls 5.9% to $67,185.38, lowest since Apr 5; Ether down 4.7% to $1,909.38, a more than three-month low

• Crypto exchange Coinbase Global down >5% on the session

• BTC hoarder Strategy , which on Mon disclosed selling $2.5 mln worth of bitcoin, down 9.6% to lowest since mid-Apr

• Retail trading platform Robinhood Markets down ~4%

• Crypto miners Mara Holdings and Bit Digital

off 2% and 5%, respectively, while Riot Platforms

down fractionally

• Ether-linked stocks sag: Bitmine Immersion Technologies

~7%, Sharplink Gaming ~6%

• ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust ETF both off >6%, while iShares Ethereum Trust ETF down 5%
(Lance Tupper is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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