Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Shares of Crypto-Linked Firms Fall Amid Broad Selloff  

Stock MarketsNov 26, 2021 16:28
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© 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.

Crypto exchange Coinbase (NASDAQ:COIN), Bitcoin (BitfinexUSD)-investor MicroStrategy (NASDAQ:MSTR) and miners like Bit Digital (NASDAQ:BTBT) and Riot Blockchain (NASDAQ:RIOT) all traded around 4% lower, reflecting the reverses in cryptos.

ADRs of London-listed Argo Blockchain (NASDAQ:ARBK) were also down around 4%. Marathon Digital (NASDAQ:MARA) traded nearly 7% lower.

Last week, Austria and Slovakia went into fresh lockdowns. With Germany reporting some 75,000 cases Thursday, there are talks of a fresh clampdown happening in Europe’s largest economy as well. The European Commission is now proposing new travel rules while the U.K. has already suspended flights from six countries in Africa.

Bitcoin fell 7% to breach the $55,000 mark. The largest cryptocurrency has lost more than 21% of its value since hitting a new high of $68,990.6 on November 10.

Ethereum ETH/USD was down over 9% and so was Dogecoin DOGE/USD. Shiba Inu SHIB/USD was down 6% and Litecoin Litecoin 14%.

 

 

Shares of Crypto-Linked Firms Fall Amid Broad Selloff  
 

Related Articles

Western Digital Earnings, Revenue Beat in Q2
Western Digital Earnings, Revenue Beat in Q2 By Investing.com - Jan 27, 2022

Investing.com - Western Digital reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations. Western Digital announced...

Netflix Up 8% After Pershing Square Reveals Investment
Netflix Up 8% After Pershing Square Reveals Investment By Investing.com - Jan 27, 2022

By Sam Boughedda  Investing.com — Netflix Inc (NASDAQ:NFLX) shares are up more than 8%, one day after Pershing Square capital revealed in a letter to investors that it bought 3.1...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email