US crypto stocks plunge as bitcoin hits new 2025 low

1 week ago 3

Reuters

Updated Mon, Apr 7, 2025, 6:56 AM 1 min read

(Reuters) - U.S.-listed shares of crypto companies tumbled earlier the markets opened connected Monday, mirroring a crisp driblet successful bitcoin arsenic escalating tariff tensions and fears of a planetary commercialized warfare triggered a wide retreat from hazard assets.

Bitcoin (BTC-USD) fell arsenic overmuch arsenic 5.5% connected Monday to deed its lowest successful 2025, and was past trading 2.1% lower.

Corporate bitcoin holder Strategy (MSTR) fell much than 10% successful premarket trading, portion crypto speech Coinbase (COIN) dropped 7%. Online brokerage Robinhood slid 10.5% aft Barclays slashed its terms target, citing concerns the crypto marketplace turmoil could resistance down the company's transaction gross this quarter.

Among the miners, MARA Holdings (MARA) slumped 11% portion CleanSpark (CLSK) dropped 10%.

GameStop (GME), the videogame retailer that past period approved the summation of bitcoin arsenic a treasury reserve asset, fell astir 4%.

Though not straight deed by tariffs, crypto firms are inactive getting hammered arsenic the steepest commercialized barriers successful implicit a period sap capitalist sentiment crossed markets.

(Reporting by Niket Nishant successful Bengaluru; Editing by Krishna Chandra Eluri)