Coinbase and Strategy among crypto firms falling amid tariff chaos. ‘Start hunkering down’ – DL News
- Crypto stocks are feeling the burn from Trump’s tariffs.
- Coinbase and Strategy are among Monday’s losers.
- Market analysts predict things will get worse from here.
Coinbase, Strategy and Block are among the stocks feeling the burn of US President Donald Trump’s tariffs.
Their drop comes amid a plunge that shaved almost 6%, or $246 billion, off the cryptocurrency market’s total value over the past 24 hours — and market watchers expect it to get worse before it gets better.
“Cryptocurrency markets have entered extreme fear mode,” Petr Kozyakov, co-founder and CEO at Mercuryo, told DL News.
Trump triggered the tumble among crypto stocks, digital assets, and wider markets last week when he unleashed a wave of tariffs upon both…
