Bit Digital Inc (NASDAQ: BTBT) and Marathon Digital Holdings Inc (NASDAQ: MARA) shares are trading lower by 13.24% to $1.48 and 11.11% to $10.28 Tuesday afternoon respectively.
Shares of several technology companies at large are trading lower amid overall market weakness as traders assess Walmart (NYSE:WMT)'s earnings results and anticipate a large number of earnings reports this week, along with an FOMC meeting on Wednesday. Ongoing inflation and monetary policy tightening concerns have weighed on the economic outlook.
Shares of crypto-related companies are also trading lower amid a recent pullback in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH):
Bitcoin is trading 9.8% lower at around $20,894 over the trailing 5 days.
Ethereum is trading 13.0% lower at around $1,371 over the trailing 5 days.
See Also: So Do You Believe Bitcoin Is Going Above $40K, Ethereum Above $3K And Dogecoin Above 20 Cents By End Of 2022?
According to data from Benzinga Pro, Bit Digital has a 52-week high of $20.74 and a 52-week low of $1.19. Marathon Digital has a 52-week high of $83.45 and a 52-week low of $5.20.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read at Benzinga