Crypto Stocks and ETFs Tank as Tariff War Pain Batters Cryptocurrency Assets

Tiger Newspress

Apr 07, 2025

Crypto stocks and ETFs tanked in premarket trading on Monday as tariff war pain battered cryptocurrency assets.

Hut 8 fell 15%; TeraWulf fell 13%; Strategy, Riot Platforms, MARA Holdings, and Bitfarms fell 12%; Coinbase fell 11%; CleanSpark fell 10%.

Cryptocurrencies sold sharply heading into the week, underscoring a clear risk-off sentiment across markets.

Bitcoin briefly fell to a five-month low, below $75,000, down near 10% in the past 24 hours.

Second-ranked token ether briefly plummeted below US$1,450.

The slide comes as US President Donald Trump dug in on sweeping tariffs that have already wiped trillions in value from US equities. US equity-index futures slumped and the yen surged in a sign of deepening turmoil throughout financial markets.

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