Blockchain Stocks Plunged in Morning Trading with Coinbase Stock Tumbled over 12%_老虎社区_美港股上老虎

Blockchain Stocks Plunged in Morning Trading with Coinbase Stock Tumbled over 12%

Tiger Newspress2022-01-21

Blockchain stocks dropped in moring trading with Coinbase stock tumbled over 12%. Crypto selloff pushes bitcoin to a six-month low of $38,000.

Cryptocurrencies sank Friday, taking Bitcoin to the lowest level in more than five months as risk aversion again swept across global markets.

The largest cryptocurrency dropped as much as 7.4% to $38,261, while second-ranked Ether slid below $3,000. Digital tokens overall have shed some $1 trillion in value since a November peak, according to CoinMarketCap data.

“Bitcoin and the broader crypto market remain subject to the whims of macro variables,” Fundstrat Digital Asset Research strategists Sean Farrell and Will McEvoy wrote in a note.

Virtual coins have become emblematic of a retreat in speculative investments sparked by the prospect of tighter monetary policy in the U.S. Bitcoin of late has tracked swings in technology stocks, which have been under pressure, with the Nasdaq 100 tumbling into a correction on Thursday.

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InvisibleP
·2022-01-23
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