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Cryptocurrency-related stocks includingCoinbase GlobalIncCOIN,Marathon Digital HoldingsIncMARAandRiot BlockchainIncRIOTare trading lower Mondayamid adrop in crypto prices, led by Bitcoin BTC/USD and Ethereum ETH/USD.
Several crypto assets are trading lower as the FTX fallout continues to weigh on digital currency demand.
FTX, along with relatedtrading firmAlameda Research and approximately 130 affiliated companiesfiled for Chapter 11 Bankruptcyfollowing the collapse of theFTX TokenFTT/USDand the unwindingof FTX CEOSam Bankman-Fried.
Coinbase is the leading cryptocurrency exchange platform in the United States. Coinbase shares were down 7.42% at $41.90at last check.
Marathon Digital focuses on mining digital assets. The companyowns cryptocurrency mining machines and a data center to mine the digital assets.The stock was down 7.63% at $6.90at time of publication.
Riot Blockchain is focused on building, supporting and operating blockchain technologies. The stock was down 6.17% at $4.19Mondaymorning.
Check This Out:Binance CEO Takes Aim At Fallen Crypto Billionaire Sam Bankman-Fried After Viewing FTX’s Books: ‘It’s Clear That He Lied’
$BTC, $ETH Price Action:At time of publication, Bitcoin is down 2.69% at $16,132over the last 24-hour period, whileEthereum is down 3.91% at $1,130.86.
Photo: Eivind Pedersen from Pixabay.
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