{"id":34577,"date":"2022-11-09T06:38:38","date_gmt":"2022-11-09T06:38:38","guid":{"rendered":"http:\/\/egrowonline.com\/?p=34577"},"modified":"2022-11-09T06:38:38","modified_gmt":"2022-11-09T06:38:38","slug":"why-bitcoin-ethereum-and-litecoin-related-stocks-coinbase-marathon-digital-riot-blockchain-and-robinhood-markets-are-falling-coinbase-global-nasdaqcoin","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=34577","title":{"rendered":"Why Bitcoin-, Ethereum- And Litecoin-Related Stocks Coinbase, Marathon Digital, Riot Blockchain And Robinhood Markets Are Falling &#8211; Coinbase Global (NASDAQ:COIN)"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"core-block\"><strong class=\"core-block\">Coinbase Global Inc<\/strong> <span class=\"ticker\" data-ticker=\"COIN\" data-exchange=\"NASDAQ\">COIN<\/span>,\u00a0<strong class=\"core-block\">Marathon Digital Holdings Inc<\/strong> <span class=\"ticker\" data-ticker=\"MARA\" data-exchange=\"NASDAQ\">MARA<\/span>,\u00a0<strong class=\"core-block\">Riot Blockchain Inc<\/strong> <span class=\"ticker\" data-ticker=\"RIOT\" data-exchange=\"NASDAQ\">RIOT<\/span> and\u00a0<strong class=\"core-block\">Robinhood Markets Inc<\/strong> <span class=\"ticker\" data-ticker=\"HOOD\" data-exchange=\"NASDAQ\">HOOD<\/span> are all trading lower Tuesday morning\u00a0amid concerns over the financial condition of cryptocurrency exchange FTX.<\/p>\n<p class=\"core-block\">Volatility in crypto ensued when\u00a0<strong class=\"core-block\">Changpeng Zhao<\/strong>, the founder and CEO of\u00a0<strong class=\"core-block\">Binance<\/strong>, the world&#8217;s largest cryptocurrency exchange, announced that his trading platform is about to <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/11\/29615081\/the-ftt-debacle-want-to-cash-in-heres-what-experts-said-after-binance-selloff\" class=\"core-block\" rel=\"noopener\">liquidate<\/a> its entire FTT holdings.<\/p>\n<p class=\"core-block\">With the crypto market reeling under a bout of intense sell pressure, Benzinga spoke to experts about their views on the token having a volume of 1.4 billion\u00a0 \u2014up 88% compared to the previous day.<\/p>\n<p class=\"core-block\"><strong class=\"core-block\">Alpha Impact\u00a0<\/strong>CEO<strong class=\"core-block\">\u00a0Hayden Hughes<\/strong>\u00a0says there are massive flows into and out of FTX, which is moving its own funds into the exchange, and many small and large withdrawals moving out&#8230;<em class=\"core-block\"><a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/11\/29615081\/the-ftt-debacle-want-to-cash-in-heres-what-experts-said-after-binance-selloff\" class=\"core-block\" rel=\"noopener\">Read More<\/a><\/em><\/p>\n<p class=\"core-block\">According to data from <a target=\"_blank\" href=\"https:\/\/benzinga.grsm.io\/movers399\" class=\"core-block\" rel=\"noopener\">Benzinga Pro<\/a>:<\/p>\n<p class=\"core-block\">COIN is trading lower by 10.65% to $50.90<\/p>\n<p class=\"core-block\">MARA is trading lower by 8.96% to $9.56<\/p>\n<p class=\"core-block\">RIOT is trading lower by 11.91% to $5.06<\/p>\n<p class=\"core-block\">HOOD is trading lower by 10.72% to $10.74<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMimQFodHRwczovL3d3dy5iZW56aW5nYS5jb20vbWFya2V0cy9jcnlwdG9jdXJyZW5jeS8yMi8xMS8yOTYxNzYyNC93aHktYml0Y29pbi1ldGhlcmV1bS1hbmQtbGl0ZWNvaW4tcmVsYXRlZC1zdG9ja3MtY29pbmJhc2UtbWFyYXRob24tZGlnaXRhbC1yaW90LWJsb2NrY2hhaW7SAQA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase Global Inc COIN,\u00a0Marathon Digital Holdings Inc MARA,\u00a0Riot Blockchain Inc RIOT and\u00a0Robinhood Markets Inc HOOD are all trading lower Tuesday morning\u00a0amid concerns over the financial condition of cryptocurrency exchange FTX. Volatility in crypto ensued when\u00a0Changpeng Zhao, the founder and CEO of\u00a0Binance, the world&#8217;s largest cryptocurrency exchange, announced that his trading platform is about to liquidate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[43],"tags":[50,73,315,271,158,667,270,7233,2399,89,8080,3062,381,455],"class_list":["post-34577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-bitcoin","tag-blockchain","tag-coinbase","tag-digital","tag-ethereum","tag-falling","tag-global","tag-litecoinrelated","tag-marathon","tag-markets","tag-nasdaqcoin","tag-riot","tag-robinhood","tag-stocks"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/11\/analysis-4937349.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34577"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34577\/revisions"}],"predecessor-version":[{"id":34579,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34577\/revisions\/34579"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/34578"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34577"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}