Coinbase is off 40% so far this year as trading volume sinks; TeraWulf, Marathon Digital and Riot Blockchain are down sharply as well
The picks and shovels of the cryptocurrency world have been a worse bet lately than cryptocurrencies themselves.
The cryptocurrency market has been in selloff mode recently even as hundreds of millions of people now trade bitcoin, ether and other digital assets. Bitcoin is down 11% this year. Ether is down 16%. As of Monday, the entire crypto market had fallen about 19%, though prices were off their year lows, according to data from CoinMarketCap.