With bitcoin (BTC-USD) slipping again in Wednesday trading, cryptocurrency stocks are also weak are declining in premarket as risk-off sentiment once again prevails as investors worry about a recession. Taking a substantial leg down are crypto exchange Coinbase Global (NASDAQ:COIN) stock, tumbling 7.0%, and digital asset platform Bakkt Holdings (NYSE:BKKT), -7.7%, as bitcoin dips 2.5% in the past 24 hours to $20.6K. Silvergate Capital (NYSE:SI), a bank involved in digital assets, is slipping 2.7%. BTC HODLer MicroStrategy (NASDAQ:MSTR) is down 2.7%. Bitcoin-mining stocks are falling by a lesser degree. Riot Blockchain (NASDAQ:RIOT) -1.0%, Marathon Digital (NASDAQ:MARA) -0.7%, Bitfarms (NASDAQ:BITF) -1.4%, Greenidge Generation (NASDAQ:GREE) -4.7%, BitNile Holdings (NYSE:NILE) -4.5%. Other cryptocurrencies dropping include ether (ETH-USD) -4.1% to $1.1K, cardano (ADA-USD) -5.0%, solana (SOL-USD) - 4.1%, and Polkadot (DOT-USD) -4.7%. Amid the volatile crypto markets, Bitfarms (BITF) on Tuesday said it sold 3K bitcoins in the past week to improve liquidity and strengthen its balance sheet.
Why Story (IP) Is Up Today?
