Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Henry Khederian

Why Bitcoin- And Ethereum-Related Stocks Are Diving Friday

Bitcoin Ethereum Coinbase Riot Blockchain Coinbase Global Inc Riot Blockchain Inc blockchain Crypto

Shares of crypto-related stocks, including Coinbase Global Inc (NASDAQ:COIN) and Riot Blockchain Inc (NASDAQ:RIOT), are trading lower Friday morning amid ongoing weakness in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Bitcoin is trading 3.59% lower Friday afternoon at around $29,000.

Ethereum is trading 6.53% lower Friday afternoon at around $1,675.

Crypto is likely trading lower in tandem with major U.S. indices. Major indices are lower following worse-than-expected May CPI data. Rising inflation has caused economic concerns and has also raised expectations for further Fed policy tightening.

Coinbase is the leading cryptocurrency exchange platform in the United States.

Coinbase is trading lower by 6.61% at $59.55 per share.

Riot Blockchain is focused on building, supporting and operating blockchain technologies.

Riot Blockchain is trading lower by 5.67% at $5.17 per share.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Tom Hardy's Venom And Andrew Garfield's Spider-Man Crossover Teased.
Fan trailer 'Venom: The Last Dance' hints at a clash between Tom Hardy's Venom and Andrew Garfield's Peter Parker in The Amazing Spider-Man 3, sparking exc...
Top News
Top News
The Anxious Generation wants to save teens. But the bestseller’s anti-tech logic is skewed
There’s no doubt about the mental health crisis facing young people. Jonathan Haidt blames our devices – which oversimplifies the problem
The Guardian - US
The Guardian - US
How to play with Barbie dolls: 6 ways to use the iconic doll as a positive role model at home
If you have a little one who loves to play with Barbie, there are lots of positive ways in which you can encourage them to play in a way that helps their development and self-esteem. We’ll show you how.
GoodToKnow
GoodToKnow
7 Google Docs keyboard shortcuts to get more done in less time
Google Docs is a great free online word processor, and you can get a lot of productivity out of it once you know these keyboard shortcuts.
Tom’s Guide
Tom’s Guide
Woman Misses Her Freckles So She Paints Them On, Gets Called Out For ‘Cultural Appropriation’
Cultural appropriation in beauty and fashion is nothing new. But today, it seems impossible that white models could walk a runway in dreadlocks, tribal and Native American dress, or geisha makeup and kimonos. Appropriation happens when consumers or companies use and manufacture products that either promote cultural stereotypes or take…
Bored Panda
Bored Panda
50 Texts Women Got From Men That Are A Crash Course In How Not To Communicate
For many of us, texting is a huge part of our lives. However, some messages can take an unexpected turn for the bizarre, hilarious, and even downright cringy. The post 50 Texts Women Got From Men That Are A Crash Course In How Not To Communicate first appeared on Bored…
Bored Panda
Bored Panda
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play