The shares of trading platforms Robinhood and Coinbase, as well as Bitcoin treasury company Strategy, and Bitcoin miners Marathon Digital Holdings and Bitdeer, all experienced significant declines. This can be attributed to investor retreat from cryptocurrencies and other risky assets due to concerns about a potential global trade war, rising inflation, and macroeconomic uncertainties. Despite the decline, Coinbase and the SEC agreed to dismiss the regulator's lawsuit against the exchange. Bitcoin has also seen a decline in price, falling roughly 17% since reaching an all-time high. Other cryptocurrencies like Ethereum, Dogecoin, XRP, and Solana also experienced declines but have since recovered slightly. The market was further impacted by a hack on Bybit, which resulted in the theft of $1.4 billion in Ethereum and related tokens. The increasing U.S. inflation and President Donald Trump's tariffs have also contributed to market instability.



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