Crypto stocks tumble as deepening market rout dents bitcoin
ReutersApr 7, 2025 10:24 AM
Cryptocurrency and blockchain-related stocks slide premarket as market rout worsens
Bitcoin BTC=, world's biggest cryptocurrency, falls 2.5% to $76,837, after hitting five-mth low. Ether ETH= down 4.5% to $1,503, an over two-year low
Futures pummeled on Mon as Trump tariffs hammer global financial markets, and investors shed risky assets, including cryptocurrencies
Crypto exchange Coinbase Global COIN.O descends 7%, prominent bitcoin hoarder Strategy MSTR.O off 8% premarket
Crypto miners drop: Riot Platforms RIOT.O ~9%, Mara Holdings MARA.O 9%, Cleanspark CLSK.O 9%, Bit Digital BTBT.O 8%
ProShares Bitcoin Strategy ETF BITO.P and iShares Bitcoin Trust ETF IBIT.O both losing 8% before the bell
BTC has fallen ~20% so far this year
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