Blockchain Stocks Down Today but Why?

    Author Chelsea RohPosted on Categories BlockchainTags , , , , , , , , , , , , , , , ,
    Blockchain Struggle

    Blockchain Technology stocks across the board are down across the market today. It remains unclear if individually there is something brewing within the market but that has yet to be uncovered. My personal guess is that it has a lot to do with various countries trying to regulate crypto assets recently. Many news outlets have been spreading rumors that countries are going to flat out ban cryptocurrency but no actual country has yet to confirm such thing. Many have begun trying to regulate cryptocurrency as a whole, as it has newly exploded into the mainstream scene, just last year.

    It seems most new investors in the market are easily spooked by regulation bans. Today, it seems that investors are spooked and have begun panic selling, thus bringing the market down nearly $50 billion USD.

    What do you think? Do you believe that cryptocurrency prices affect blockchain technology stock prices? Leave your comments below.

    Despite the high volatility of cryptocurrency assets, many large corporations have begun implementing teams within their businesses to come up with ideas on how blockchain technology can be added to current infrastructure. Many large banks and financial institutions were the first to jump on board. Now, it seems just about every sector is trying to get in on the new technology. Even governments have started to look into the technology, more specifically the U.S border patrol. Can blockchain technology be applied effectively to every database? We shall see. 

    If you’re already invested in blockchain stocks, here are how some of the stocks closed on the markets today. 

    BTL Group (TSXV:BTL)

    • Price: $7.63 USD
    • Percentage Gain/Loss: -7.16%

    Global Blockchain (CSE:BLOC)

    • Price: $0.82 USD
    • Percentage Gain/Loss: -12.95%

    HIVE Blockchain (TSXV:HIVE)

    • Price: $2.24 CAD
    • Percentage Gain/Loss: -12.16%

    Victory Square (OTC:VSQTF)

    • Price: $2.21 USD
    • Percentage Gain/Loss: -7.53%

    Riot Blockchain (NASDAQ:RIOT)

    • Price: $12.30 USD
    • Percentage Gain/Loss: -10.55

    MGT Capital (OTCQB:MGTI)

    • Price: $2.24 USD
    • Percentage Gain/Loss: -12.50%

     

    Featured Image: Forbes

    Author Chelsea Roh
    About the author: Chelsea Roh is a freelance writer. Her current focus is blockchain technology and cryptocurrency. One could even call her a blockchain "enthusiast." In addition to content writing, she is an experienced SEO and Social Media Strategist. Before moving to Canada, she spent 10+ years marketing and working hands-on in the medical practice industry within the U.S.A.