Crypto names slide as bitcoin retreats below $29,500

Stocks levered to bitcoin prices are trading lower with the cryptocurrency pulling back from its 10-month highs around $31,000 late last week to a one-week low below $29,500. In pre-market trading, Bit Digital (BTBT) is down 7.1% at $1.82 per share, Riot Blockchain (RIOT) is down 6.2% at $12.65, Marathon Digital (MARA) is down 6.5% at $11.19, MicroStrategy (MSTR) is down 3.2% at $323 and Coinbase Global (COIN) is down 2.7% at $68.00.