The extended sell-off in the cryptocurrency market has negatively impacted the stock market, with crypto-related companies experiencing losses in pre-market trading. Strategy and Coinbase both fell over 5%, while bitcoin mining firms MARA Holdings, Riot Platforms, Core Scientific, and CleanSpark also traded lower. Coinbase's decline below $205 further added to the company's troubles as it was not included in the S&P 500 during the index's recent rebalancing. Bitcoin and other altcoins saw significant declines, likely influenced by the threat of tariffs from President Trump and a overall bearish sentiment. This has led to a multiyear low in the crypto fear and greed index, which currently stands at 17, indicating "extreme fear."



Other News from Today