Why Bitcoin-, Ethereum- And Litecoin-Related Stocks Are Diving

Shares of crypto-related stocks, including Bitfarms Ltd BITF, Coinbase Global Inc COIN and Riot Blockchain Inc RIOT, are all trading lower Thursday morning amid overall market weakness and a pullback in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Bitcoin is trading 1.44% lower Thursday morning at around $39,100.

Ethereum is trading 1.31% lower Thursday morning at around $2,900.

Bitfarms provides computing power to cryptocurrency networks such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash, earning fees from each network for securing and processing transactions.

Bitfarms is trading lower by 4.98% at $3.05 per share.

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

Coinbase is trading lower by 7.18% at $120.80 per share.

Riot Blockchain is focused on building, supporting and operating blockchain technologies. The company's portfolio consists of Verady, Tesspay, Coinsquare and others.

Riot Blockchain is trading lower by 4.93% at $11.00 per share.

Visit Benzinga's Crypto Homepage - 1,000,000+ depend on Benzinga Crypto every month

Posted In: why it's movingCryptocurrencyPenny StocksSmall CapMarketsMoversTrading Ideas