Crypto Stocks Sink as Bitcoin Tests $81K

Tiger Newspress

31 Mar

Bitcoin fell to a near two-week low on Monday, extending recent declines as fears of more severe trade tariffs under U.S. President Donald Trump eroded demand for risk-driven, speculative assets.

Broader risk appetite was also pressured by increasing fears of a U.S. recession, especially after Goldman Sachs said it saw a greater possibility of a slowdown in 2025.

Bitcoin traders in particular were also spooked by on-chain data showing about 4000 Bitcoins, worth about $332 million, were transferred onto crypto exchange Kraken. Movement of tokens onto an exchange usually heralds a potential sale.

Bitcoin fell 1% to $82,045.2 by 01:36 ET (05:36 GMT), briefly hitting a low of $81,300.

Crypto stocks dropped in premarket trading Monday. Riot Platforms, Hut 8, MARA Holdings, Strategy, CleanSpark, and Coinbase fell about 3%.

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