Crypto stocks on pace to close in the red as bitcoin retreats from peak

Shares of several U.S. cryptocurrency and blockchain‑related companies on track to end 2025 in the red after bitcoin retreated from its all‑time high

Bitcoin BTC= hit record high of more than $126,000 in early October , fueled by institutional adoption via exchange-traded funds, post-U.S. Presidential election optimism around pro-crypto policies and broader market euphoria

Price subsequently slumped more than 30% in late October and November after about $150 billion in leveraged crypto positions were liquidated following Trump’s move to impose 100% tariffs on Chinese imports

Top sector highlights for the year include the Trump administration passing a landmark law to create a regulatory regime for stablecoins and traditional banking heavyweights expanding crypto offerings

Crypto listings also saw a wave of activity in 2025, with stablecoin giant Circle CRCL.N and lending platform Figure FIGR.O among the marquee IPOs

MSTR, the world's biggest holder of BTC as a corporate treasury asset, faces potential removal from major stock indexes under MSCI’s proposed rules; stock down 46% YTD, as of last close

BTC, the world's biggest cryptocurrency, down ~7.2% YTD; Ether <ETH=>, the second-biggest digital asset, has lost ~10.7%

Crypto Stocks Riot Platforms RIOT.O, Mara Holdings MARA.O and Bit Digital BTBT.O down between 24% and 45% YTD

Crypto exchange Coinbase Global COIN.O down 6.7% YTD

Sector's market cap currently stands at $3 trillion, according to CoinMarketCap