Crypto stocks fall tracking bitcoin weakness
2025-01-27
Category: None

** Shares of cryptocurrency and blockchain-related companies fall premarket, as Bitcoin falls below $100,000
** Bitcoin BTCUSD, the world's biggest cryptocurrency, down about 6.3% to $98,547, while Ether (ETH=) falls 8.4% to $3050
** Crypto exchange Coinbase Global COIN falls 6.9%, while Blockchain farm operator Bitfarms Ltd BITF down about 4%
** Crypto miners: Riot Platforms Inc RIOT, MARA Holdings MARA, U.S.-listed shares of Hut 8 HUT, and Bit Digital BTBT down between 9.7% to 6.4%
** BTC buyer MicroStrategy MSTR declines 6.7% 
** Canaan Inc CAN down 5.3% 
** ProShares Bitcoin Strategy ETF (BITO.O) falls 5.9%
** U.S. President Donald Trump signed executive order last week creating a new working group to draw up crypto regulations, and explore the creation of a U.S. cryptocurrency stockpile 
** Crypto markets have soared since Trump's election on hopes for more favourable regulations 
** BTC gained 120% in 2024