Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Why Bitcoin-, Ethereum- And Litecoin-Related Stocks Are Falling

Published 06/04/2022, 16:07
Updated 06/04/2022, 16:40
© Reuters.  Why Bitcoin-, Ethereum- And Litecoin-Related Stocks Are Falling

© Reuters. Why Bitcoin-, Ethereum- And Litecoin-Related Stocks Are Falling

Shares of crypto-related stocks, including Bitfarms Ltd (NASDAQ: BITF), Coinbase (NASDAQ:COIN) Global Inc (NASDAQ: COIN) and Riot Blockchain Inc (NASDAQ: RIOT), are all trading lower Wednesday morning amid a decrease in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Bitcoin is trading 2.9% lower Wednesday morning at around $44,300.

Ethereum is trading 4.4% lower Wednesday morning at around $3,250.

Litecoin is trading 5.3% lower Wednesday morning at around $116.50.

Bitfarms provides computing power to cryptocurrency networks such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash, earning fees from each network for securing and processing transactions.

Bitfarms is trading lower by 4.5% at $3.35 per share.

Coinbase is the leading cryptocurrency exchange platform in the United States.

Coinbase is trading lower by 4.7% at $168.86 per share.

Riot Blockchain is focused on building, supporting and operating blockchain technologies. The company's portfolio consists of Verady, Tesspay, Coinsquare and others.

Riot Blockchain is trading lower by 6.5% at $17.98 per share.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read at Benzinga

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.