As most of the financial markets around the world continue plunging, crypto stocks are not left out. Many publicly listed crypto companies also experienced a sharp decline on Monday, as markets tumbled further.
In the U.S., for example, Silvergate Stock (SI) fell yesterday by 11%. The crypto bank began to hover between $12 and $13 and is still trading around those levels currently. It closed at $12.63, flirting with its all-time low. In the last 5 days, SI has lost over 14%.
Canaan, a manufacturer of Bitcoin mining hardware also crashed. Canaan stock (CAN) lost a whopping 20% shortly after trading began. It continued falling until it hit an all-time low of $3.32. It eventually closed at $3.38 and is now up about 2.37%, trading at $3.46.
Away from the U.S., Canada’s Galaxy Digital Holding (GLXY) crashed over 10% and hit its lowest point at $0.66. It eventually climbed back up and closed at $0.96. At the moment, it’s trading at $0.97.
Also, Hut 8 (HUT) crashed to $0.98 shortly after trading began. The plunge was more than 19% and has picked up just a little bit, to current levels at $1.07.
Trading in the U.S. was also temporarily suspended as even the Dow Jones Industrial Average (DIJA) and the S&P 500 both plunged. CME trading volumes also crashed recently.
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