Crypto stocks drop in premarket trading as Bitcoin falls below $22,000
Crypto-related stocks dropped on Friday, August 19, during premarket trading after $70 billion left the cryptocurrency markets in just one day. It appears that the largest cryptocurrency Bitcoin (BTC) is losing its bullish momentum seen over the past few days, as it now trades at $21,568 at the time of writing.
In particular, Marathon Digital (NASDAQ: MARA), Riot Blockchain (NASDAQ: RIOT), crypto exchange Coinbase (NASDAQ: COIN), and MicroStrategy (NASDAQ: MSTR) have all seen their stocks drop in premarket. In the last month, MARA has been trading in the $10.08 to $18.88 range, currently, it is close to the lower part of its 52-week range. When comparing the performance of all stocks over the past year, MARA turns out to be only a medium performer in the overall market. Moreover, the support zone is located from $15.44 to $15.58, with the resistance line at $17.02.
Source
@CryptoWorldAnalysis
