Crypto Stocks in Asia in the Red as Bitcoin Sinks to One-Year Low – Priyeshu Garg


Shares of several cryptocurrency-related companies in Asian markets fell after bitcoin led a sell-off in digital currencies, reaching a one-year low at just over $5,571, Bloomberg reported on November 15, 2018. According to Bloomberg, the fall followed earlier losses among U.S. companies whose businesses are closely related to cryptocurrencies.In Japan, Monex Group Inc., which runs the exchange Coincheck, experienced serious losses, fell by 2.3 percent, while SBI Holdings Inc., which runs the VCTRADE exchange, experienced a three percent loss. In Seoul, Vidente Co. and Omnitel Inc. ended the day down at least seven percent, leading declines among crypto-linked stocks………….

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