Crypto Stocks Drop After Trump Unveils New Tariffs
U.S. crypto stocks dropped in premarket trading on Thursday following President Donald Trump’s harsh criticism of sweeping tariffs imposed on various countries. The move has shaken investor confidence amid escalating global trade tensions, resulting in a sell-off of riskier assets.
Crypto exchange Coinbase Global saw a decline of about 4%, bringing its value to $82,000, while major bitcoin holder Strategy dropped 3%. Among mining stocks, MARA Holdings, Riot Platforms, and Bitfarms lost around 4%, 5%, and 6%, respectively.
The widespread losses highlight the broader impact of the tariffs across multiple asset classes. Bitcoin, the largest cryptocurrency, fell 2.3%, while ether experienced a 3.3% dip. Ethereum (ETH)…
