Cryptocurrency stocks hold on despite Bitcoin drop

(Reuters) — Stocks that surged in recent weeks because of the cryptocurrency mania have managed to hold onto most of their gains despite the recent retreat in the price of bitcoin and scepticism from market participants.
A Reuters analysis of 17 stocks of companies that have made blockchain or cryptocurrency announcements showed an average gain of 224 percent through Thursday’s close from they released those statements.
For example, shares of Long Island Iced Tea Corp jumped nearly 3