Bitcoin plunge
June 13 trading session on stock exchanges in the U.S. opened with a significant drop in shares of cryptocurrency-oriented companies. Over the past 24 hours, bitcoin has lost 13.3%, according to CoinGecko. The price of digital gold dipped below $24,000, with the asset trading near $23,740 as of this writing. At the open, shares of analytics software provider MicroStrategy were down 25.24%, Coinbase down 13.5%, and Silvergate Capital down 14%. According to Bitcoin Treasuries, MicroStrategy’s 129,218 BTC is now worth just over $3 billion. Earlier, the head of the company Michael Saylor reiterated his commitment to the first cryptocurrency.
Marathon Digital shares were down 12.33%;
Riot Blockchain, down 10.46%;
Core Scientific, down 12.45%;
Bitfarms, down 9.43%;
Bit Digital, up 8.8%;
Argo Blockchain, up 16.64%;
Hut 8 Mining and Hive Blockchain lost 10% and 9.6%, respectively.
Futures on the Nasdaq 100 fell 2.54% and the S&P 500 fell 2.5%.