The shares of crypto-related companies are being dragged down by the collapse of stock markets around the world.
Crypto companies shares are falling after oil price plummeted yesterday by 30%. European indices plunged by 8%, while the US S&P 500 and Japan's Nikkei fell by 5% and 6%, respectively. Regarding the shares of crypto companies, they have also been affected by the general decline in the markets.
Silvergate Bank's shares dropped by more than 13%, while the shares of the Chinese crypto giant Canaan, which went public on the NASDAQ in November last year, dropped by 20% to an all-time low.
Galaxy Digital Holding's shares fell by 8.57% on the Toronto Stock Exchange, while the shares of the mining company Hut 8 lost 13.22% of their value approaching and all-time low.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.