Bitcoin, ether slip with S&P 500, Nasdaq as year winds to a close; Ark buys Coinbase dip
Most cryptocurrencies slid alongside traditional markets, with Bitcoin and Ethereum both down by about 1%.
The cryptocurrencies were trading at around $16,500 and $1,200 at market open.
The S&P 500 fell 0.7% and the Nasdaq 100 dropped 1.4%.
After falling to an all-time low earlier this week and recovering on Thursday, shares of Coinbase were down 1.5%.
Meanwhile, Cathie Wood’s Ark bought more than 158,000 shares of the exchange, which based on Thursday’s closing price of $34.78 would be worth roughly $5.5 million.
Galaxy Digital dropped 6% after popping up on Thursday following news that it would be purchasing a mining facility from Argo.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Catarina Moura
