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%.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Bill Harris: Bitcoin Value Goes to Zero
Former PayPal CEO Bill Harris said in an interview on CNBC yesterday that the price of Bitcoin will continue to fall "and eventually approach zero." Harris also claims that he sees no value in such a means of payment.
Critics say Ohio State's decision is a 'PR stunt'
The state of Ohio's recent decision to allow businesses to pay taxes using Bitcoin has sparked a wave of criticism in the community, with many seeing it as an impractical and ill-considered PR move.
