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U.S.-listed shares of crypto companies tumbled before the markets opened on Monday, mirroring a sharp drop in bitcoin as escalating tariff tensions and fears of a global trade war triggered a broad retreat from risk assets.
Bitcoin fell as much as 5.5% on Monday to hit its lowest in 2025, and was last trading 2.1% lower.
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Corporate bitcoin holder Strategy (MSTR.O), opens new tab fell more than 10% in premarket trading, while crypto exchange Coinbase (COIN.O), opens new tab dropped 7%.
Online brokerage Robinhood (HOOD.O), opens new tab slid 10.5% after Barclays slashed its price target, citing concerns the crypto market turmoil could drag down the company’s transaction revenue this quarter.
Among the miners, MARA Holdings (MARA.O), opens new tab slumped 11% while CleanSpark (CLSK.O), opens new tab dropped 10%.
GameStop (GME.N), opens new tab, the videogame retailer that last month approved the addition of bitcoin as a treasury reserve asset, fell about 4%.
RELATED: Cryptos dump massively a day after Bakkt Bitcoin Futures trading debut.
Though not directly hit by tariffs, crypto firms are still getting hammered as the steepest trade barriers in over a century sap investor sentiment across markets.
