BUZZ-Crypto stocks track bitcoin decline as markets slump

Reuters

04-11

BUZZ-Crypto stocks track bitcoin decline as markets slump

** Cryptocurrency and blockchain-related stocks drop on Thurs as Wall Street selloff resumes

** Bitcoin BTC=, world's biggest cryptocurrency, down 5.6% to $78,612, while Ether ETH= falling 11% to $1,490

** Major stock indexes falling sharply on Thurs following an epic relief rally on Weds after Trump's tariff U-turn .N

** Crypto exchange Coinbase Global COIN.O off 8%, bitcoin hoarder Strategy MSTR.O down 11% on the session

** Retail trading platform Robinhood HOOD.O dives 8% on Thurs

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

** ProShares Bitcoin Strategy ETF BITO.P and iShares Bitcoin Trust ETF IBIT.O both shedding ~4% on Thurs

** BTC roared to as high as $83,209 on Weds. Its 2025 low is around $74,446, touched on Mon

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

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

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