Crypto-linked stocks fall as bitcoin hits one-week low
COIN•Shares of crypto-linked companies fell premarket as bitcoin touched a one-week low, down 2.2% to $83,710.93. Ether fell 4.5% to $2,578.39, while listed crypto-linked stocks and funds also declined.
1. Stocks and funds decline
Coinbase fell 2.5%, Riot Platforms and MARA Holdings dropped around 2% each, and Hut 8 lost 2.7%. Robinhood declined 2.1%, Strategy slipped 3.4%, and American Bitcoin eased 1.6%; Bit Digital was marginally lower.
2. Crypto prices and ETFs
ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust both fell more than 2%. Including the session's moves, bitcoin was down 4.5% year to date and ether was down 13.4%.
