BUZZ-Crypto stocks drop as bitcoin hits 6-month low

Reuters
Nov 14
BUZZ-Crypto stocks drop as bitcoin hits 6-month low

** Shares of cryptocurrency and blockchain-related firms fall premarket, with bitcoin on track to decline for fourth straight session

** Bitcoin BTC=, world's largest cryptocurrency, down 3% at $95,878.12, lowest since May 7; Ether ETH= off 1.7% to $3,127.01

** U.S. stock futures drop as fading rate-cut hopes fuel risk-off sentiment .N

** Shares of crypto exchange Coinbase Global COIN.O down 3.3% before the bell

** BTC stockpiler Strategy MSTR.O, formerly known as MicroStrategy, down 4%

** Retail trading platform Robinhood HOOD.O lower by 3%

** Crypto miners slip: Riot Platforms RIOT.O 4%, Mara Holdings MARA.O 4%, Hut 8 HUT.O 5%, CleanSpark CLSK.O 3.5%, Bit Digital BTBT.O nearly 4%

** ProShares Bitcoin Strategy ETF BITO.P and iShares Bitcoin Trust ETF IBIT.O both down nearly 2%

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com ; 1-646-279-6380))

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