BUZZ-US crypto stocks slide after Trump unveils sweeping tariffs

Reuters

Feb 03, 2025

** Shares of U.S.-listed cryptocurrency and blockchain companies tumble before the open, mimicking bitcoin BTC=

** The world's biggest cryptocurrency took the brunt of the risk-off sentiment over the weekend as U.S. President Donald Trump's sweeping tariffs order sparked fears of reignited inflation and trade tensions

** Crypto exchange Coinbase Global COIN.O falls 5.5% while MicroStrategy MSTR.O, the biggest corporate holder of bitcoin, drops 5.3%

** Miners MARA Holdings MARA.O, CleanSpark CLSK.O and Riot Platforms RIOT.O also down 5.1%, 4.8% and 4.1%, respectively

** Bitcoin had jumped 120% in 2024

(Reporting by Niket Nishant in Bengaluru)

((Niket.Nishant@thomsonreuters.com))

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and trade tensions</p><p>** Crypto exchange Coinbase Global <span>COIN.O</span> falls 5.5% while <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a> <span>MSTR.O</span>, the biggest corporate holder of bitcoin, drops 5.3%</p><p>** Miners <a href=\"https://laohu8.com/S/MARA\">MARA Holdings</a> <span>MARA.O</span>, CleanSpark <span>CLSK.O</span> and <a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a> <span>RIOT.O</span> also down 5.1%, 4.8% and 4.1%, respectively</p><p>** Bitcoin had jumped 120% in 2024</p><p> (Reporting by Niket Nishant in Bengaluru)</p><p> 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