Cryptocurrency Market Update

Cryptocurrency’s extended sell-off impacted equity markets, leading to losses in pre-market trading on Monday.

Companies closely tied to crypto, such as Strategy (MSTR) and Coinbase (COIN), both experienced declines of over 5%. Meanwhile, bitcoin mining firms like MARA Holdings (MARA), Riot Platforms (RIOT), Core Scientific (CORZ), and CleanSpark (CLSK) traded lower by at least 2.5%.

Coinbase’s downward movement, dropping to under $205, compounded its troubles, especially after failing to secure inclusion in the S&P 500 during the latest index rebalancing.

Bitcoin’s value fell to as low as $80,226, with significant declines noted in leading altcoins. The threat of tariffs proposed by President Trump has negatively affected risk assets, including cryptocurrencies and equities.

This bearish sentiment has resulted in the crypto fear and greed index declining to a multiyear low of 17, indicating “extreme fear.”