US-listed crypto stocks slide after jobs data

CleanSpark

01/08/2025 15:31

** Shares of crypto-related stocks drop, tracking losses in bitcoin BTC=

** Crypto miner Riot Platforms RIOT.O drops 15.5%, hitting its lowest in more than a month

** MARA Holdings MARA.O, Hut 8 HUT.TO and CleanSpark CLSK.O also down more than 8%

** Coinbase COIN.O slumps 15.2%; the crypto exchange reported a drop in Q2 adjusted profit after market close on Thursday

** Latest data by the Labor Department shows U.S. employment growth slowed more than expected in July, indicating weakening labor markets

** The data triggered a sell-off across Wall Street, compounding the pressure from tariffs announced by President Donald Trump in Thursday's executive order

** Additionally, the crypto sector has come under selling pressure in recent sessions as some traders booked profits following highs earlier this month

 (Reporting by Niket Nishant in Bengaluru)

 ((Niket.Nishant@thomsonreuters.com))