Why Bitcoin & Ethereum Stocks Are Falling Today – Bitcoin – United States Dollar ($ BTC)

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Shares of several cryptocurrency-related companies, including Coinbase Global Inc (NASDAQ: COIN), Marathon Digital Holdings Inc (NASDAQ: MARA), and Riot Blockchain Inc (NASDAQ: RIOT), are trading lower due to price. Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Many attribute the recent decline in crypto to the technical setup of Bitcoin. Bitcoin faced resistance around the $ 52,000 level. After testing this level and failing to come out, the world’s oldest cryptocurrency withdrew, apparently taking the rest of the crypto market with it.

See also: Chart Wars: As Companies Continue to Adopt Crypto, Are Bitcoin and Ethereum Heading Towards a Bullish 2022?

Coinbase is an end-to-end financial infrastructure and technology provider for the crypto-economy. The stock was down 3.40% to $ 270.75 at the time of publication.

Marathon Digital focuses on the extraction of digital assets. It has cryptocurrency mining machines and a data center to mine digital assets. Shares were down 5.58% to $ 37.20 at the time of publication.

Riot Blockchain focuses on the creation, support and exploitation of blockchain technologies. The stock was down 4.64% to $ 24.65 at the time of publication.

BTC, ETH Price Action: At time of publication, Bitcoin was down 4.52% to $ 49,077 in a 24 hour period and Ethereum was down 4.58% to $ 3,907.34 in a period 24 hours.

Photo: PIRO4D from Pixabay.

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