Crypto-related stocks drop as bitcoin slumps to two-month low

Sharplink

02/06/2026 16:55

** Cryptocurrency and blockchain-related stocks drop on Tues, as
bitcoin  BTC=  extends losing streak to three days
    ** Bitcoin, world's largest cryptocurrency, falls 5.9% to
$67,185.38, lowest since Apr 5; Ether  ETH=  down 4.7% to
$1,909.38, a more than three-month low
    ** Crypto exchange Coinbase Global  COIN.O  down >5% on the
session
** BTC hoarder Strategy  MSTR.O , which on Mon disclosed selling
$2.5 mln worth of bitcoin, down 9.6% to lowest since mid-Apr
    ** Retail trading platform Robinhood Markets  HOOD.O  down
~4%
    ** Crypto miners Mara Holdings  MARA.O  and Bit Digital
 BTBT.O  off 2% and 5%, respectively, while Riot Platforms
 RIOT.O  down fractionally
    ** Ether-linked stocks sag: Bitmine Immersion Technologies
 BMNR.A  ~7%, Sharplink Gaming  SBET.O  ~6%
    ** ProShares Bitcoin Strategy ETF  BITO.P  and iShares
Bitcoin Trust ETF  IBIT.O  both off >6%, while iShares Ethereum
Trust ETF  ETHA.O  down 5%

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