U.S.-listed shares of crypto companies tumbled before the markets opened on Monday, mirroring a sharp drop in bitcoin as escalating tariff tensions and fears of a global trade war triggered a broad retreat from risk assets.
Bitcoin fell as much as 5.5 per cent on Monday to hit its lowest in 2025, and was last trading 2.1 per cent lower.
Corporate bitcoin holder Strategy fell more than 10 per cent in premarket trading, while crypto exchange Coinbase dropped 7 per cent. Online brokerage Robinhood slid 10.5 per cent after Barclays slashed its price target, citing concerns the crypto market turmoil could drag down the company’s transaction revenue this quarter.
Among the miners, MARA Holdings slumped 11 per cent while CleanSpark dropped 10 per cent.
GameStop, the videogame retailer that last month approved the addition of bitcoin as a treasury reserve asset, fell about 4 per cent.
Though not directly hit by tariffs, crypto firms are still getting hammered as the steepest trade barriers in over a century sap investor sentiment across markets.
