- Bitcoin slumped as much as 5.5% earlier in the day.
- The drop marked Bitcoin’s lowest level of the year.
- Shares of major corporate Bitcoin holder MicroStrategy (MSTR) tumbled over 10%.
Crypto stocks listed in the US plunged sharply on Monday, tracking Bitcoin’s steep fall to a new 2025 low.
Rising global trade tensions and fears of an escalating tariff war spooked investors, triggering a widespread sell-off in risk assets, including cryptocurrencies and crypto-related stocks.
Bitcoin (BTC-USD) slumped as much as 5.5% earlier in the day before paring some losses to trade 2.1% lower.
The drop marked Bitcoin’s lowest level of the year, further unsettling the crypto market.
Shares of major corporate Bitcoin holder MicroStrategy (MSTR) tumbled over 10% in premarket trading.
Leading crypto exchange Coinbase (COIN) also slid 7%, while popular online brokerage Robinhood (HOOD) lost 10.5% after Barclays downgraded its price target.
The brokerage’s reliance on crypto trading revenue has raised concerns amid the ongoing market volatility.
Crypto mining stocks were hit even harder. MARA Holdings (MARA) plunged 11%, and CleanSpark (CLSK) dropped 10%, reflecting growing investor caution around digital asset mining companies as Bitcoin prices falter.
Elsewhere, GameStop (GME), which recently added Bitcoin to its corporate treasury strategy, fell around 4%, highlighting how broader crypto market weakness is spilling into adjacent sectors.
Although crypto companies are not directly impacted by new tariffs, the sweeping trade barriers—the most significant in over a century—are damaging overall investor confidence, putting additional pressure on volatile assets like Bitcoin, altcoins, and blockchain-related equities.
As Bitcoin struggles to regain footing, the broader crypto market and associated stocks could remain under pressure, especially if global trade tensions continue to escalate.
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