Blockchain Stocks Down Today but Why?

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

If You Liked This Article Click To Share


Disclosure:

1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on my research and understanding of the sector.

2) Market Jar Media Inc. has or expects to receive the following amounts indirectly from the following companies mentioned in this Article: Victory Square Technologies Inc.  Click here for important disclosures about fees.

3) The Article and content related to the profiled company represent the personal and subjective views of the Author of this article, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, Market Jar Media Inc. or any of their respective affiliates, guarantee the accuracy or completeness of any such information.  The author was paid by Native Ads Inc. for this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'ss terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on Market Jar Media Inc. should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on Market Jar Media Inc.

5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.