Crypto Currency Tracker logo Crypto Currency Tracker logo
Seeking Alpha 2023-05-18 19:46:28

Crypto-linked stocks in the red as bitcoin resumes slide

Bitcoin ( BTC-USD ) resumed its pullback in Tuesday mid-afternoon trading after failing to push through a key multi-day resistance level. The cryptocurrency slid 2.1% to $26.80K at 3:46 p.m. ET, after flirting with $27.5K throughout most of the prior session amid cautious optimism following the latest round of debt-ceiling talks. Other major digital tokens on the move include: ethereum ( ETH-USD ), down 1.5% to $1.80K, cardano ( ADA-USD ) -2.5% , dogecoin ( DOGE-USD ) -3.9% and polygon ( MATIC-USD ) -4.1% . Of course, the losses weighed on the overall crypto market value , falling 1.7% to $1.11T, according to CoinMarketCap data. Elsewhere in the risk spectrum, all three major U.S. stock indices managed to stay in the green, with the tech-heavy Nasdaq, up 1.2% , rising the most as House Speaker Kevin McCarthy told reporters that a deal to raise or suspend the debt limit could be achieved as soon as this weekend. Crypto-exposed stocks were mostly lower, with Marathon Digital ( MARA ) -7.3% , Galaxy Digital ( OTCPK:BRPHF ) -5.2% , Greenidge Generation ( GREE ) -9.5% and MGT Capital Investments ( OTCPK:MGTI ) -13.2% among the biggest losers, underscoring their strong correlation with crypto prices despite an up day in the broader stock market. More on the crypto market Applied Digital: Don't Be Greedy When Up 320% YTD MultiversX: It's An Avoid For Me U.K. lawmakers say crypto trading is like gambling

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine