Seeking Alpha
2022-01-06 13:29:13

Bitcoin, ethereum extend losses to September levels; crypto miner stocks slip

Bitcoin (BTC-USD) and ethereum (ETH-USD), the two largest cryptos by market cap, continue to sell off as speculators price in a potentially higher interest rate environment following Wednesday's Fed minutes. The global crypto market cap falls nearly 9% to 2.03T in the past 24 hours, with ethereum (ETH-USD -11.5%), solana (SOL-USD -11.5%), terra (LUNA-USD -11.7%), avalanche (AVAX-USD -10.9%), polygon (MATIC-USD -10.7%) and crypto.com coin (CRO-USD -10.6%) all plunging at least 10%. Unlike BTC, ether (ETH-USD) manages to hold above its 200-day simple moving average (on a 52-week time frame) at ~$3.2K per token. Bitcoin (BTC-USD) is trading more than 7% below its 200-day SMA, now changing hands at $43K. Not surprisingly, crypto miner stocks including Marathon Digital (NASDAQ:MARA), Riot Blockchain (NASDAQ:RIOT), Hut 8 Mining (NASDAQ:HUT), Argo Blockchain (NASDAQ:ARBK) and HIVE Blockchain (NASDAQ:HIVE), are sliding in pre-market trading as digital coins take a nosedive. Most of the group's individual returns underperform that of bitcoin (BTC-USD) by

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约