Riot Blockchain Archives - Crypto Insider https://cryptoinsider.asia/post_tag/riot-blockchain/ Crypto and Blockchain News Fri, 19 Aug 2022 10:51:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://cryptoinsider.asia/wp-content/uploads/2021/11/cryptocurrency-icon.png Riot Blockchain Archives - Crypto Insider https://cryptoinsider.asia/post_tag/riot-blockchain/ 32 32 199368904 Crypto Stocks Slide in Pre-Market Trading as Bitcoin Slumps to $21.6K https://cryptoinsider.asia/crypto-stocks-slide-in-pre-market-trading-as-bitcoin-slumps-to-21-6k/ Fri, 19 Aug 2022 10:51:57 +0000 https://cryptoinsider.asia/crypto-stocks-slide-in-pre-market-trading-as-bitcoin-slumps-to-21-6k @ Crypto Insider

Marathon Digital and Riot Blockchain are both down by more than 10% before US markets…

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Marathon Digital and Riot Blockchain are both down by more than 10% before US markets open.

Cryptocurrency-related stocks are trading significantly lower in Friday’s pre-market session as bitcoin begins to lose bullish momentum.

Marathon Digital (MARA) and Riot Blockchain (RIOT) are leading the plunge in crypto stocks today, with both making double-digit percentage moves to the downside.

Coinbase (COIN), meanwhile, is trading at $77.81, a 6.91% decline from Thursday’s close of $85.44. MicroStrategy (MSTR), which is one of the largest holders of bitcoin, has seen its stock drop to $297.68, 8.23% lower than yesterday’s close.

The corrective nature of this morning’s session is reflected across the wider crypto market and equities, with the Nasdaq100 and S&P500 indices trading 0.82% and 0.68% lower respectively.

Friday’s market lull comes after strong performance in equities since July 17, with the Nasdaq rising by 20.88% during that time.

Coinbase also performed particularly well this month, rising by 57.15% in spite of today’s drop to $77.81.

The post Crypto Stocks Slide in Pre-Market Trading as Bitcoin Slumps to $21.6K appeared first on Crypto Insider.

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