Crypto shares fall as bitcoin slide on waning optimism on Trump's crypto reserve plan

Keel Infrastructure

04/03/2025 15:43

Updates

** Shares of cryptocurrency and blockchain-related companies down premarket, hurt by weakness in bitcoin

** Bitcoin BTC=, world's biggest cryptocurrency, falls ~3%, while Ether ETH= drops ~2.3%

** Optimism on digital currency after Trump's proposal for a national strategic reserve of cryptocurrencies continues to wane down as market participants awaits more details about the crypto initiative

** Crypto exchange Coinbase Global COIN.O down ~5.6%, U.S.-listed shares of blockchain farm operator Bitfarms Ltd BITF.O down ~2.8%

** Crypto miners Riot Platforms Inc RIOT.O, Hut 8 Mining HUT.O and Marathon Digital MARA.O down between ~3.5% and ~8.4%

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)

 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))