Crypto-linked stocks slump as bitcoin hits lowest since Trump's election
Shares of cryptocurrency and blockchain-related firms slump on Tues, tracking bitcoin BTC= to its lowest levels since President Donald Trump's election victory in Nov 2024
Bitcoin, world's largest cryptocurrency, down 6.4% at $77,450, while Ether ETH= down 8.5% to $2,140.33
Crypto market volatility triggered $2.5 bln in bitcoin liquidations in recent days, according to CoinGlass
Shares of crypto exchange Coinbase Global COIN.O drop 7%
BTC hoarder Strategy MSTR.O, formerly known as MicroStrategy, tumbles >8% to lowest since Sept 2024
Crypto miners slide: Riot Platforms RIOT.O 2%, Mara Holdings MARA.O 5%, Bit Digital BTBT.O nearly 4%
Ether-linked stocks decline: BTCS BTCS.O 5%, Bitmine Immersion Technologies BMNR.A 6% and Sharplink Gaming SBET.O 7%
ProShares Bitcoin Strategy ETF BITO.P and iShares Bitcoin Trust ETF IBIT.O both down >4%,; iShares Ethereum Trust ETF ETHA.O sinks 6%
With move on the session, BTC off about 15% YTD and roughly 40% below record peak of $126,223 set last Oct
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