US crypto stocks slide after Trump unveils sweeping tariffs
2025-02-03
Category: None

** Shares of U.S.-listed cryptocurrency and blockchain companies tumble before the open, mimicking bitcoin BTCUSD 
** 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 falls 5.5% while MicroStrategy MSTR, the biggest corporate holder of bitcoin, drops 5.3%
** Miners MARA Holdings MARA, CleanSpark CLSK and Riot Platforms RIOT also down 5.1%, 4.8% and 4.1%, respectively
** Bitcoin had jumped 120% in 2024