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