Bitcoin Drops to $81,000 as Crypto-Tied Stocks Fall
KEY TAKEAWAYS
- Cryptocurrency-linked stocks are paring some of their losses but still broadly declining in Friday intraday trade, with bitcoin trading around $81,000—more than a quarter off its January peak.
- Bitcoin is under pressure after President Trump said that tariffs on Mexico and Canada would go into effect on March 4, and an additional 10% in levies would be imposed on China.
- Shares in Robinhood, Coinbase, MARA, and MicroStrategy are sliding although Riot has retraced its losses to rise.
Cryptocurrency-linked stocks are paring some of their losses but still broadly declining in Friday intraday trade, with bitcoin (BTCUSD) trading around $81,000—more than a quarter off its January peak.
Bitcoin, the leading…
