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Shares of Crypto-Linked Firms Fall Amid Broad Selloff   -Breaking

by Mike Robinson

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© Reuters

By Dhirendra Tripathi

Investing.com – Shares of blockchain and crypto-linked companies fell Friday amid a widespread selloff in the markets triggered by the emergence of a new variant of the coronavirus in South Africa.

Coinbase, a cryptocurrency exchange (NASDAQ) ()MicroStrategy (NASDAQ :), -investor MicroStrategy and miners Bit Digital and Riot Blockchain all traded about 4% lower reflecting reverses in cryptocurrency.

London-listed Argo Blockchain ADRs were also lower by around 4%. Marathon Digital (NASDAQ 🙂 traded almost 7% lower.

Austria and Slovakia were placed under lockdown last week. With Germany reporting some 75,000 cases Thursday, there are talks of a fresh clampdown happening in Europe’s largest economy as well. While the European Commission proposes new rules for travel, while six African countries have been suspended by the United Kingdom.

Bitcoin dropped 7% to reach $55,000 Since November 10, when it reached a record high of $68,990.6, the largest cryptocurrency lost 21%.

Ethereum fell over 9%, and Dogecoin was also down. Shiba Inu was down 6% and Litecoin 14%.

 

 

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