CLSK - Bitcoin prices plunge along with crypto stocks
2023-04-19 11:18:24 ET
The world’s most valuable cryptocurrency, Bitcoin ( BTC-USD ) fell by ~4.5% to below the $30K mark on Wednesday morning, its lowest in over a month.
The top crypto posted a weekly gain last week after data showed that inflation was starting to cool, while ether ( ETH-USD ) rallied after its network's successful Shanghai upgrade.
Riot Platforms ( RIOT ) and Marathon Digital Holdings ( MARA ) led the crypto stocks down today, with bitcoin reporting its largest fall in over a month.
Ethereum ( ETH-USD ) dropped by about 6% to below $2K.
The crypto stocks that reported a significant drop are RIOT -7.1% , CleanSpark ( CLSK ) -9.2% , Marathon Digital -4.9% , Hut 8 Mining ( HUT ) -6.1% , MicroStrategy ( MSTR ) -3.9% , Hive Blockchain ( HIVE ) -5.7% , Cipher Mining ( CIFR ) -8% , and Coinbase Global ( COIN ) -2.3% .
The market capitalization of all cryptocurrencies also dropped by a similar pace, by ~3.9% in the last 24 hours to $1.28T, an analysis by CoinGecko showed .
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Bitcoin prices plunge along with crypto stocks