The trust bank and the credit card company said they'll make it easier for customers to use cryptocurrencies. The announcements contributed to another jump in the price of the largest digital asset.
Cannabis stocks tumble from multi-year highs as Reddit-fueled rally loses steam
Ben WinckFeb 12, 2021, 01:53 IST
Alberta Cannabis Inc/Handout via REUTERS
Cannabis stocks plunged on Thursday as optimism around federal decriminalization and Reddit-trader bullishness faded to profit-taking.
Tilray, Aphria, Aurora Cannabis, Cronos, and Canopy Growth all slid amid the broad sell-off.
Members of the Wall Street Bets Reddit page had been cheering the stocks higher as they did with GameStop in January.
Pot stocks tumbled from highs seen earlier in the week as momentum from casual traders uniting on Reddit sputtered out.
Tilray led the sector s losses, tumbling as much as 48%. Aphria and Aurora Cannabis fell 33% and 23%, respectively. Cronos sank 23% at intraday lows, and Canopy Growth plunged 24%.
Federal regulators and prosecutors are probing the GameStop trading phenomenon, The Wall Street Journal reported. Authorities are investigating whether the
Bitcoin ‘mining’ is a carbon guzzler. With renewed interest in crypto, could a green coin be the next big thing?.The entrance of big corporations into the cryptocurrency market could boost incentives to produce a new ‘green bitcoin’ using renewable energy, sustainability experts say.