Crypto names down in pre-market as bitcoin falls below $17,200

Stocks levered to bitcoin prices are down in pre-market trading as the cryptocurrency had fallen below $17,200 overnight – its lowest level since late 2020. Bit Digital (BTBT) is down 4% at $1.01, Riot Blockchain (RIOT) is down 5% at $5.06, Marathon Digital (MARA) is down 5% at $9.44, MicroStrategy (MSTR) is down 6% at $199.00 and Coinbase Global (COIN) is down 5% at $48.34.