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Crypto-Exposed Stocks Sink Amid Bitcoin’s Decline, Broader Market Rout

January 21, 2022 Michael Bellusci
Crypto-Exposed Stocks Sink Amid Bitcoin’s Decline, Broader Market Rout



Cryptocurrency stocks were also falling amid a broader stock market rout, with technology shares bearing the brunt of the recent downtrend. The tech-heavy equity index Nasdaq has fallen 5% this week and was down 1% on Friday. The index fell through some key technical support levels, including the 200-day moving average, for the first time since April 2020, Craig Erlam, senior market analyst at Oanda Corp, told clients in a note on Friday.



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