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Crypto stocks sag as bitcoin reverses course with markets

ReutersApr 8, 2025 6:05 PM

Cryptocurrency and blockchain-related stocks sag on Tues as bitcoin turns red and markets continue to convulse

Bitcoin BTC=, world's biggest cryptocurrency, down 2.2% to $77,152 after rising as much as 2.2% to $80,829 earlier on Tues. Ether ETH= falling 5.6% to about $1,487

Equities surrender strong early gains and dip into negative territory after the Trump administration says additional tariffs on China to kick in on Weds .N

Crypto exchange Coinbase Global COIN.O off 1%, notable bitcoin compiler Strategy MSTR.O down nearly 5% on the session

Retail trading platform Robinhood HOOD.O off fractionally on Tues

Crypto miners fall: Riot Platforms RIOT.O ~6%, Mara Holdings MARA.O 3.5%, Cleanspark CLSK.O ~7%, Bit Digital BTBT.O ~4%

ProShares Bitcoin Strategy ETF BITO.P and iShares Bitcoin Trust ETF IBIT.O both off ~1%

BTC off ~18% YTD with move on Tues

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