Bitcoin, ether down alongside traditional markets as new year starts
Quick Take
- Bitcoin and Ethereum were both down roughly by 0.4% and 0.8%, respectively.
- Shares of Coinbase, which Cathie Wood’s Ark bought last week, were down 2.6%.
Most cryptocurrencies fell on Tuesday alongside traditional markets.
Bitcoin and Ethereum were down up by 0.4% and 0.8%, respectively, and trading at around $6,640 and $1,200.
The S&P 500 fell by 0.5% and the Nasdaq 100 by 0.6%.
Shares of Coinbase, which Cathie Wood’s Ark bought last week, were down 2.6%, while MicroStrategy's rose 0.9% and Galaxy Digital's by 1.3%
Meanwhile, the Grayscale Ethereum Trust (ETHE) hit a record discount of approximately 60%.
The Grayscale Bitcoin Trust (GBTC) has also recently hit record lows and is currently trading at a discount of around 45%.
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