Crypto stocks tumble as deepening market rout dents bitcoin

Keel Infrastructure

07/04/2025 11:24

** Cryptocurrency and blockchain-related stocks slide premarket as market rout worsens

** Bitcoin BTC=, world's biggest cryptocurrency, falls 2.5% to $76,837, after hitting five-mth low. Ether ETH= down 4.5% to $1,503, an over two-year low

** Futures pummeled on Mon as Trump tariffs hammer global financial markets, and investors shed risky assets, including cryptocurrencies

** Crypto exchange Coinbase Global COIN.O descends 7%, prominent bitcoin hoarder Strategy MSTR.O off 8% premarket

** Crypto miners drop: Riot Platforms RIOT.O ~9%, Mara Holdings MARA.O 9%, Cleanspark CLSK.O 9%, Bit Digital BTBT.O 8%

** ProShares Bitcoin Strategy ETF BITO.P and iShares Bitcoin Trust ETF IBIT.O both losing 8% before the bell

** BTC has fallen ~20% so far this year

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

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