Bitcoin, Crypto Stocks Extend Slide to Start The Week


Key Takeaways



The mood in cryptocurrency markets hasn't improved to start this week, as Bitcoin ( BTCUSD ) and a number of stocks tied to digital currencies are all moving lower Monday morning.

Stocks like cryptocurrency exchanges including Robinhood ( HOOD ) and Coinbase ( COIN ) and Bitcoin miners like Mara Holdings ( MARA ) each fell late last week , along with Strategy ( MSTR ), the largest corporate holder of Bitcoin. The cryptocurrency also fell over the weekend, following Friday's 3.3% decline with a 2.1% drop Saturday.

The group declined as investors appeared to move away from both riskier and more conventional assets, with the broader stock market also down on Friday . Uncertainty over the Trump administration's economic policies like tariffs has created a volatile stock market in recent weeks, as the S&P 500 and Nasdaq have each declined in five of the last six weeks.

The price of Bitcoin soared in the weeks following Trump's November election win as the industry anticipated a friendlier regulatory environment. Bitcoin surpassed $100,000 for the first time in December and set a record high above $109,000 on the day of his inauguration, but has tumbled in the weeks since.

Bitcoin edged lower Monday morning to roughly $82,200, while Coinbase and Strategy were each down more than 3% and 4%, respectively, as Robinhood declined around 7% and Mara Holdings fell around 5%.

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