Crypto Stocks Drop as Bitcoin Slips Below $64,500

Crypto stocks dropped in premarket trading. BitMine fell 4%; MARA Holdings fell 3%; Riot Platforms, Strategy, TeraWulf, CleanSpark, Coinbase, Cipher Mining, and Robinhood fell 2%; Circle and IREN fell 1%.

Bitcoin fell at the start of Asia trading, dropping to as low as $64,338, with Ethereum and Ripple also declining. The move reflects renewed caution in risk assets amid escalating tariff uncertainty, says Linh Tran at XS.com. A court ruling against President Trump’s tariffs, followed by a new global levy, has heightened trade uncertainty. Tran notes that such policy risks typically trigger short-term risk-off flows, with investors favoring cash and bonds. Weakening Bitcoin ETF inflows are also weighing on demand and dampening near-term bullish expectations.