Crypto-linked stocks slump as bitcoin hits lowest since Trump's election

Bit Digital,

03/02/2026 19:24

** 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

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com ; 1-646-279-6380))