Crypto-linked stocks slide as bitcoin tumbles to lowest since 2024

Sharplink

05/06/2026 17:48

** Cryptocurrency and blockchain-related stocks slide on Fri, as bitcoin BTC= slumps for sixth straight day
** Bitcoin, world's largest cryptocurrency, recently down 4.4% to $60,805.85 after falling as low as $59,786.72, lowest since Oct 2024
** Ether ETH= plunging 10% to around $1,591, an over one-year low
** Crypto exchange Coinbase Global COIN.O down >8% on Fri
** BTC hoarder Strategy MSTR.O down 9% after hitting a four-month low
** Retail trading platform Robinhood Markets HOOD.O down ~8%
** Crypto miners Mara Holdings MARA.O, Bit Digital BTBT.O and Riot Platforms RIOT.O all down >10%
** Ether-linked stocks sag: Bitmine Immersion Technologies BMNR.A and Sharplink Gaming SBET.O both down about 10%
** ProShares Bitcoin Strategy ETF BITO.P and iShares Bitcoin Trust ETF IBIT.O both off >4%, while iShares Ethereum Trust ETF ETHA.O down 11%
** BTC now off roughly 30% YTD and about 50% from its all-time high of around $126,000 touched in Oct 2025

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com ; 1-646-279-6380))