Seeking Alpha
2021-01-11 19:49:19

Bit Digital leads crypto-related weakness amid short seller report

Bit Digital (BTBT) dropped 26% amidst a selloff in Bitcoin-related companies today and following a new shortseller report.Earlier, nearly $170B was wiped off cryptocurrency market in as Bitcoin (BTC-USD) dropped 20.1% to $34,130 after a huge rally and some profit-taking from investors; other cryptocurrencies are selling off on the latest movement: Ripple (XRP-USD); Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Marathon Patent (MARA).J Capital published a new short report on Bit Digital, claiming that the company is operating a ``fake'' crypto currency business Separately, DoubleLine's Gundlach says ``not out of recession,' bitcoin in 'bubble territory'

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