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Why Shares of Coinbase, Riot Blockchain, and Silvergate Capital Are All Falling Today

Bram Berkowitz, The Motley Fool
·3 min read
Why Shares of Coinbase, Riot Blockchain, and Silvergate Capital Are All Falling Today
In this article:
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  • SI
  • COIN
  • RIOT

As of 12:45 p.m. ET today, the Dow Jones Industrial Average traded more than 900 points down, while the Nasdaq Composite had fallen nearly 4%. At the same time, shares of the large cryptocurrency exchange Coinbase Global (NASDAQ: COIN) had fallen more than 11%, while shares of the Bitcoin (CRYPTO: BTC)-mining company Riot Blockchain (NASDAQ: RIOT) and the crypto bank Silvergate Capital (NYSE: SI) traded more than 8% and roughly 5% lower, respectively. Now below $34,000, Bitcoin has been getting absolutely hammered, down nearly 100% from early November.

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