Marathon Digital, Riot Blockchain slide as crypto market cap drops 10%

Cryptocurrency miners Marathon Digital (NASDAQ:MARA) -8% and Riot Blockchain (NASDAQ:RIOT) -9% slump in pre-market trading as the global crypto market cap falls 10% to $1.78T, according to data from CoinMarketCap. The largest digital tokens by market cap, including: bitcoin (BTC-USD -9.4%), ethereum (ETH-USD -12.4%), binance coin (BNB-USD -10.7%), cardano (ADA-USD -13.0%), solana (SOL-USD -15.3%), ripple (XRP-USD -9.7%), terra (LUNA-USD -10.9%), dogecoin (DOGE-USD -8.7%), avalanche (AVAX-USD -15.9%) and shiba inu (SHIB-USD -11.1%), all drift lower by at least 10% in the past 24 hours and dip as much as 20% in the past week. As digital asset prices break through multi-month lows, Riot Blockchain (RIOT), for example, makes new 52-week lows and is off about 80% from its Feb. 2021 peak. Note that Seeking Alpha flags RIOT stock at high risk of performing badly when compared with its peers. Marathon Digital (MARA) stock got a new Buy rating at BTIG earlier this week due to the company's early-mover advantage and its