Bitcoin-related equities dropped in premarket trading on Tuesday as cryptocurrencies extended their decline amid renewed friction between the United States and China.
Shares of Strategy fell 3.7%, Circle Internet lost 3%, and Bullish slipped 4%. Among publicly traded miners and exchanges, Riot Platforms (NASDAQ:RIOT) declined 4.2%, MARA Holdings (NASDAQ:MARA) fell 3.9%, and Coinbase (NASDAQ:COIN) slid 3.8%.
Bitcoin mining firms also came under pressure, with Hive Digital Technologies (NASDAQ:HIVE) tumbling 7.3%, Iren Ltd (NASDAQ:IREN) down 3%, Cleanspark (NASDAQ:CLSK) off 3.3%, and Terawulf (NASDAQ:WULF) losing 3.8%.
The decline tracked weakness in major cryptocurrencies, which continued to fall after a wave of forced liquidations triggered a weekend selloff. Bitcoin dropped as much as 3.8% on Tuesday, while Ether slid up to 7.8%, as investors reacted to the escalating trade tensions between the world’s two largest economies.
HIVE Digital Technologies stock price
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