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MicroStrategy, Coinbase Slip On Crypto Rout as Bitcoin Goes Below $29K   By Investing.com

by Miki 06/22/2021
by Miki 06/22/2021 0 comment
MicroStrategy, Coinbase Slip On Crypto Rout as Bitcoin Goes Below $29K  
© Reuters.

Dhirendra Tripathi

Investing.com – Shares of MicroStrategy (NASDAQ:) and Coinbase (NASDAQ:) fell Tuesday on another dismal day for cryptocurrencies.

At 105,085 Bitcoins () that were acquired for $2.74 billion at an average purchase price of $26,080, MicroStrategy is one of the biggest corporate investors in the crypto. Shares of the company were down nearly 6%.  

Coinbase, the only listed crypto exchange in the world, slipped by 1.3%.

This week’s fall in cryptos comes after China cracked down over the weekend.

According to the state backed Global Times newspaper, many mines in Southwest China’s Sichuan Province – one of China’s largest cryptocurrency mining bases – were closed amid an intensifying nationwide crackdown against cryptocurrency mining.

Sichuan is China’s second-biggest bitcoin mining province and the country accounts for more than half of global bitcoin production.

Bitcoin today fell below the psychologically crucial $29,000, at less than half of the cryptocurrency’s all-time high of $64,778, hit on April 14.

The crypto has wiped out the year’s gains and was briefly in the positive today before slipping again. It was back in the green later.

Dogecoin lost over 7% and Ethereum 1%. Polkadot shed 7% and Litecoin 9%.  

 

 

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



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The New Jersey Crypto News
  • Home
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    • Bitcoin
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    • All Alt Coin
  • Learn
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      How to Trade Futures Contracts on Changelly PRO

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      EtherLite (ETL) Cryptocurrency Price Prediction

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      Learn

      How to Trade Bitcoin Futures

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      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
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      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

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      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

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      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

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      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

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      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

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