Crypto stocks sag as bitcoin reverses course with markets

Keel Infrastructure

08/04/2025 19:05

Updates

** Cryptocurrency and blockchain-related stocks sag on Tues as bitcoin turns red and markets continue to convulse

** Bitcoin BTC=, world's biggest cryptocurrency, down 2.2% to $77,152 after rising as much as 2.2% to $80,829 earlier on Tues. Ether ETH= falling 5.6% to about $1,487

** Equities surrender strong early gains and dip into negative territory after the Trump administration says additional tariffs on China to kick in on Weds .N

** Crypto exchange Coinbase Global COIN.O off 1%, notable bitcoin compiler Strategy MSTR.O down nearly 5% on the session

** Retail trading platform Robinhood HOOD.O off fractionally on Tues

** Crypto miners fall: Riot Platforms RIOT.O ~6%, Mara Holdings MARA.O 3.5%, Cleanspark CLSK.O ~7%, Bit Digital BTBT.O ~4%

** ProShares Bitcoin Strategy ETF BITO.P and iShares Bitcoin Trust ETF IBIT.O both off ~1%

** BTC off ~18% YTD  with move on Tues

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

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