Crypto Companies Shares Fall Dragged Down By Traditional Markets
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March 10, 2020

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.

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