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2021-05-28
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Cryptocurrency Market Mutes As Focus Turns Back To GameStop, AMC Short Squeeze
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The apex coin is down 6.92% in a seven-day trailing period.</p><p><b>Ethereum</b>(ETH), the number two coin in terms of market cap, was up 1.42% at $2,713.32 over a 24-hour period. In a seven-day period, ETH has fallen 2.98%.</p><p>The cryptocurrency market cap as a whole stood at $1.68 trillion at press time. Over a seven-day period, the market cap has declined 5.61% from $1.78 trillion.</p><p>On Thursday,<b>AMC Entertainment Holding Inc</b>(NASDAQ:AMC) shares spiked 35.58% to $26.52 in the regular session. This is the fourth straight day of AMC shares moving up with the shares locking in 120% gains.</p><p>The appreciation in AMC is makingshort sellers bleedand has cost them $634 million in losses, as per S3 partners.</p><p>Other meme stocks that have spiked recently include<b>Blackberry Ltd</b>(NYSE:BB), which ended the regular session 5.61% higher at $9.97 on Thursday and appreciated another 3.01% to $10.27 in after-hours trading.</p><p><b>GameStop Corporation</b>(NYSE:GME) was also in the green on Thursday rising 4.77% to $254.13 in regular trading. On the same day, another retail favorite,<b>Nokia Oyj</b>(NYSE:NOK) gained 2.42% to end the regular session at $5.07.</p><p>Meme cryptocurrencies on the other hand have largely been lackluster.<b>Dogecoin</b>(DOGE) traded 0.16% lower at $0.33 at press time. The Shiba Inu-themed coin declined 17.2% in a seven-day trailing period.</p><p>On Thursday, DOGE co-creator Billy Markus in a Twitter exchange with Gokhshtein Media founder David Gokhshtein callied for AMC Entertainment to accept DOGE.</p><p><b>Why It Matters:</b>Together short sellers in GameStop and AMC havelost more than $8 billionon a year-to-date basis, S3 Partners data indicates.</p><p>In GameStop alone, the YTD losses for short sellers have amounted to $6.7 billion as of Wednesday.</p><p>On r/WallStreetBets — the Reddit forum known for carrying out short squeezes in meme stocks — tickers of AMC and GameStop attracted the most mentions, as per Quiver Quantitative data.</p><p>While AMC attracted 5,793 mentions on the forum, GameStop attracted 2,201. In terms of industry baskets, Cannabis dominated the discussion, followed by EVs and cryptocurrencies.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cryptocurrency Market Mutes As Focus Turns Back To GameStop, AMC Short Squeeze</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCryptocurrency Market Mutes As Focus Turns Back To GameStop, AMC Short Squeeze\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 20:24 GMT+8 <a href=https://www.benzinga.com/markets/cryptocurrency/21/05/21333298/cryptocurrency-market-mutes-as-focus-turns-back-to-gamestop-amc-short-squeeze><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The cryptocurrency market remained muted late Thursday as the focus returned to so-called meme stocks and associated short squeezes.What Happened: Bitcoin(BTC), the largest cryptocurrency by market ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/21/05/21333298/cryptocurrency-market-mutes-as-focus-turns-back-to-gamestop-amc-short-squeeze\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","GME":"游戏驿站"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/21/05/21333298/cryptocurrency-market-mutes-as-focus-turns-back-to-gamestop-amc-short-squeeze","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114654556","content_text":"The cryptocurrency market remained muted late Thursday as the focus returned to so-called meme stocks and associated short squeezes.What Happened: Bitcoin(BTC), the largest cryptocurrency by market capitalization, traded 1.28% higher at $37,961.27 at press time over a 24-hour period. The apex coin is down 6.92% in a seven-day trailing period.Ethereum(ETH), the number two coin in terms of market cap, was up 1.42% at $2,713.32 over a 24-hour period. In a seven-day period, ETH has fallen 2.98%.The cryptocurrency market cap as a whole stood at $1.68 trillion at press time. Over a seven-day period, the market cap has declined 5.61% from $1.78 trillion.On Thursday,AMC Entertainment Holding Inc(NASDAQ:AMC) shares spiked 35.58% to $26.52 in the regular session. This is the fourth straight day of AMC shares moving up with the shares locking in 120% gains.The appreciation in AMC is makingshort sellers bleedand has cost them $634 million in losses, as per S3 partners.Other meme stocks that have spiked recently includeBlackberry Ltd(NYSE:BB), which ended the regular session 5.61% higher at $9.97 on Thursday and appreciated another 3.01% to $10.27 in after-hours trading.GameStop Corporation(NYSE:GME) was also in the green on Thursday rising 4.77% to $254.13 in regular trading. On the same day, another retail favorite,Nokia Oyj(NYSE:NOK) gained 2.42% to end the regular session at $5.07.Meme cryptocurrencies on the other hand have largely been lackluster.Dogecoin(DOGE) traded 0.16% lower at $0.33 at press time. The Shiba Inu-themed coin declined 17.2% in a seven-day trailing period.On Thursday, DOGE co-creator Billy Markus in a Twitter exchange with Gokhshtein Media founder David Gokhshtein callied for AMC Entertainment to accept DOGE.Why It Matters:Together short sellers in GameStop and AMC havelost more than $8 billionon a year-to-date basis, S3 Partners data indicates.In GameStop alone, the YTD losses for short sellers have amounted to $6.7 billion as of Wednesday.On r/WallStreetBets — the Reddit forum known for carrying out short squeezes in meme stocks — tickers of AMC and GameStop attracted the most mentions, as per Quiver Quantitative data.While AMC attracted 5,793 mentions on the forum, GameStop attracted 2,201. 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