Crypto Stocks Fall as Bitcoin Drops Below $113,000 and Ethereum Dips Below $3,600; Coinbase down 6%; Circle, MARA, BTCS down 4%

TigerAug 5, 2025 2:53 PM

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Crypto stocks fell in Tuesday trading as Bitcoin dropped below $113,000 and Ethereum dropped below $3,600.

Coinbase, Hut 8 fell 6%; Riot Platforms fell 5%; Circle, MARA, BTCS fell 4%; Strategy, SBET, GAME fell 3%; BTBT fell 2%.

Coinbase Global, Inc. announced plans to raise $2 billion through a private offering of convertible senior notes, with $1 billion due in 2029 and another $1 billion due in 2032, subject to market conditions.

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