Life Clips stock drops 9%, backtracking from Wednesday's pop

Life Clips (OTCPK:LCLP) stock retreats 8.6% after surging 21% on Wednesday when it said its Belfics unit will add leveraged forex instruments and crypto derivative contracts to its trading platforms on Oct. 2. Still, today's decline is relative small compared with its six-fold increase since it announced its entry into the cryptocurrency market in mid-July. The stock has dropped 2.5% in the past week and 49% in the past month, as seen on SA's momentum tab. Previously (Sept. 29), Life Clips' Belfrics to offer leveraged forex instruments, crypto derivative contracts.