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Crypto stocks fall after Bitcoin hits over 4-month low



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** Shares of cryptocurrency and blockchain-related companies fall in premarket trade as bitcoin hits lowest since Feb. 26

** Bitcoin BTC= down 7% at $54,271, on course for its biggest weekly fall in more than a year

** Traders fretted over the likely dumping of tokens from defunct Japanese exchange Mt. Gox and further selling by leveraged players after the cryptocurrency's strong run

** Ether ETH= falls 8.5% to $2,876.7, hitting more than a month low

** Crypto exchange Coinbase Global COIN.O falls 6.4%, Blockchain farm operator Bitfarms Ltd BITF.O down 6.8%

** Crypto miners: Riot Platforms Inc RIOT.O, Marathon Digital MARA.O, U.S.-listed shares of Hut 8 HUT.O, and Bit Digital BTBT.O down 6.8%-10.8%

** Software firm and BTC buyer MicroStrategy MSTR.O declines 8.6%, BTC mining machine maker Canaan Inc CAN.O down 4.5%

** ProShares Bitcoin Strategy ETF BITO.P falls 10%




Reporting by Pranav Kashyap in Bengaluru

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