Shares of cryptocurrency-related companies fell as Bitcoin fell. Quotes of Coinbase, MicroStrategy and Galaxy Digital dropped significantly.
Bitcoin set a new 14-week low near $30,000 this month. Shares of MicroStrategy, which has filled its corporate coffers with a significant amount of Bitcoin, fell by about 9%. src="/media/images/originals/2021/05/19/006986.png">
Coinbase lost about 41% after trading began.
Mike Novogratz's Galaxy Digital shares lost 11%.
Square and PayPal, which handle cryptocurrency transactions, also lost 2.2% and 0.16%, respectively.
Nvidia shares fell about 0.9%. The company produces chips used in cryptomining.
Grayscale Bitcoin Trust bonds fell by about 9%.
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Analysis of cryptocurrency pairs BTC/USD, ETH/USD, XRP/USD as of 08/11/2018
The intense fall should stop today. The price will attempt to consolidate near the support level.
