BUZZ-Crypto stocks track bitcoin decline as markets slump

Reuters
11 Apr
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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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