BUZZ-Crypto stocks drop as bitcoin slides below $90,000

Reuters

13 Jan

** Cryptocurrency and blockchain-related stocks fall as bitcoin falls 5% on Mon, hitting lowest level since Nov 18

** Bitcoin , world's biggest cryptocurrency, drops as low as $89,613. It is recently off ~3% at around $91,688. Smaller cryptocurrency Ether down 7% at $3,039

** Moves lower come as investors dial back bets on Fed rate cuts this year ** Shares of BTC compiler MicroStrategy down ~3% on the session

** Crypto exchange Coinbase Global down 4%, while U.S.-listed shares of blockchain farm operator Bitfarms losing >5%

** Crypto miners decline: Riot Platforms

, Mara Holdings >4%, Core Scientific 2%

**

Shares of retail trading platform Robinhood Markets dip 1%

** ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust ETF both slip >3% ** In Dec, BTC soared above $108,000 amid hopes of a friendlier regulatory environment for cryptocurrencies under a Donald Trump administration

** With move on Mon, BTC off about 2% to start 2025 after 120% gain in 2024

(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@tr.com 1-646-279-6380))

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It is recently off ~3% at around $91,688. Smaller cryptocurrency Ether    down 7% at $3,039</p><p>   ** Moves lower come as investors dial back bets on Fed rate cuts this year    ** Shares of BTC compiler <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a>    down ~3% on the session</p><p>   ** Crypto exchange Coinbase Global    down 4%, while U.S.-listed shares of blockchain farm operator Bitfarms    losing >5%</p><p>   ** Crypto miners decline: <a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a> </p><p>   , Mara Holdings    >4%, Core Scientific    2%</p><p>   ** </p><p>   Shares of retail trading platform <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets    dip 1%</p><p>   ** ProShares Bitcoin Strategy ETF    and <a href=\"https://laohu8.com/S/IBIT\">iShares Bitcoin Trust</a> ETF    both slip >3% ** In Dec, BTC soared above $108,000 amid hopes of a friendlier regulatory environment for cryptocurrencies under a Donald Trump administration</p><p>   ** With move on Mon, BTC off about 2% to start 2025 after 120% gain in 2024</p><p>(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@tr.com 1-646-279-6380))</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2503865755","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503865755","pubTimestamp":1736780888,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Cryptocurrency and blockchain-related stocks fall as bitcoin falls 5% on Mon, hitting lowest level since Nov 18   ** Bitcoin   , world's biggest cryptocurrency, drops as low as $89,613. 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It is recently off ~3% at around $91,688. Smaller cryptocurrency Ether    down 7% at $3,039   ** Moves lower come as investors dial back bets on Fed rate cuts this year    ** Shares of BTC compiler MicroStrategy    down ~3% on the session   ** Crypto exchange Coinbase Global    down 4%, while U.S.-listed shares of blockchain farm operator Bitfarms    losing >5%   ** Crypto miners decline: Riot Platforms    , Mara Holdings    >4%, Core Scientific    2%   **    Shares of retail trading platform Robinhood Markets    dip 1%   ** ProShares Bitcoin Strategy ETF    and iShares Bitcoin Trust ETF    both slip >3% ** In Dec, BTC soared above $108,000 amid hopes of a friendlier regulatory environment for cryptocurrencies under a Donald Trump administration   ** With move on Mon, BTC off about 2% to start 2025 after 120% gain in 2024(Lance Tupper is a Reuters market analyst. 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