Bitcoin fell modestly Wednesday, following its attempt on Tuesday to recover from some brutal declines last week.
The volatile cryptocurrency was trading down 3.3% at $15,229.91 on Wednesday. It climbed above $15,000 on Tuesday after falling close to $12,000 last week and ending Friday just below $14,000.
Bitcoin futures were tracking relatively close to the price of Bitcoin itself, with futures Cboe ( CBOE ) down 3.4% to $15,270 and CME Group’s ( CME ) Bitcoin futures down 3.7% to $15,200.
Ethereum slipped 1.7% to $ 760.06.
Among the companies that have been reborn as blockchain outfits, Riot Blockchain ( RIOT ) dipped 1% in the stock market today.
Riot on Tuesday said that an annual shareholder meeting, set to take place Thursday, had been adjourned until Feb. 1 to give stockholders extra time to vote on proposals concerning compensation, who to elect as directors and other matters.
Meanwhile, Long Blockchain ( LTEA ), an iced-tea company that just changed its name from Long Island Iced Tea Corp. , skidded 12%, its third straight sizable loss since its 183% Thursday spike.
Long Island Iced Tea on Tuesday said it had entered into a $2 million convertible debt facility to support its move toward investing in blockchain technology.
India Globalization Capital ( IGC ), a medical-cannabis company based in Maryland that also has a heavy-equipment rental service, fell 12% on Wednesday, a day after it said it would use blockchain to address issues related to selling medical cannabis.
Parateum (TEUM), a company that provides mobile cloud communications services, slid 1.8% on Wednesday.
A day earlier, Parateum shares vaulted 121% higher after the company announced that it was able to support blockchain technology in its billing and settlement services.
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http://www.nasdaq.com/article/bitcoin-pulls-back-new-blockchain-stocks-retreat-cm897314
