finance

Crypto Stocks and Bitcoin Drop as Nasdaq Falls 1.8 Percent

Bitcoin declined 2.3 percent to 62,800 dollars and ether fell 3.5 percent to 1,815 dollars thirty minutes into Friday's session. Several former bitcoin mining companies now focused on data centers led losses among crypto equities.

Jul 17, 6:43 AM(4 hrs ago)·1m read1 source

Crypto Stocks and Bitcoin Drop as Nasdaq Falls 1.8 Percent

Audio version

Tap play to generate a narrated version.

Developing·Limited corroboration so far. This page will refresh as more sources emerge.

Crypto-related stocks declined sharply Friday as the AI trade faced continued selling pressure, CoinDesk reported. Thirty minutes into the U.S. session the Nasdaq composite traded 1.8 percent lower while the semiconductor ETF SOXX fell 4 percent.

Bitcoin was 2.3 percent lower at 62,800 dollars and ether dropped 3.5 percent to 1,815 dollars. Former bitcoin miners that have pivoted to data-center operations led the declines. Hut 8, Bitdeer and MARA Holdings each lost more than 7 percent.

Strategy fell 2.25 percent and its preferred stock STRC was off 1 percent. Coinbase, Bullish and Circle each declined about 1.5 percent.

crypto markets stocks