3 Crypto Stocks That Crashed Hard in the Wake of Market Turmoil
Crypto Market CRASH: But Stocks Got Wrecked
In the past 30 days, the global cryptocurrency market saw its valuation slip from $2.96 trillion to $2.69 trillion, marking a 9.12% decline. While this downturn rattled some investors, the damage was relatively mild compared to the bloodbath in the U.S. stock market, especially among companies tied to the crypto industry.
Why Is the Stock Market Down So Much?
The root of the current financial storm lies in political aggression. Former President Donald Trump is making headlines again by imposing new tariffs on a wide range of international trade partners. This aggressive move has triggered a global economic backlash, shaking investor confidence and sending markets into a tailspin.
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Although the crypto market wasn’t spared, it has so far shown resilience compared to traditional equities. But the same cannot be said for U.S. crypto stocks, which took major hits.
3 Crypto Stocks That Crashed Hard in the Past 30 Days
Not all crypto-related investments weathered the storm well. Several U.S.-listed crypto stocks have taken a significant hit, some losing over a quarter of their value in just one month.
1. Coinbase (COIN) – Down 25%
Coinbase , the largest cryptocurrency exchange in the U.S., is often seen as a bellwether for the crypto industry. But over the past month, its stock has dropped from the highs to currently trade at $160.55, representing a 25% decline.
The company has been impacted by shrinking trading volumes, broader market fear, and tighter regulatory scrutiny, all amplified by the overall stock market selloff.
2. RIOT Platforms (RIOT) – Down 17.55%
RIOT Platforms is one of the Bitcoin mining companies in North America. With falling Bitcoin prices and increased energy costs, RIOT was already under pressure. The added burden of a collapsing stock market pushed its share price down to $7.14, reflecting a 17.55% loss over the past 30 days.
3. Marathon Digital Holdings (MARA) – Down 20.81%
Another major Bitcoin miner, Marathon Digital Holdings ( MARA ), has seen its stock tumble to $11.30, marking a 20.81% decline in just one month. As Bitcoin mining gets more competitive and the market faces macroeconomic stress, MARA is feeling the heat.
Crypto Market CRASH: But Stocks Got Wrecked
In the past 30 days, the global cryptocurrency market saw its valuation slip from $2.96 trillion to $2.69 trillion, marking a 9.12% decline. While this downturn rattled some investors, the damage was relatively mild compared to the bloodbath in the U.S. stock market, especially among companies tied to the crypto industry.
Why Is the Stock Market Down So Much?
The root of the current financial storm lies in political aggression. Former President Donald Trump is making headlines again by imposing new tariffs on a wide range of international trade partners. This aggressive move has triggered a global economic backlash, shaking investor confidence and sending markets into a tailspin.
--> Wanna trade cryptos? Now is the perfect time, especially that the market is consolidating before a volatile period. Click here to open an account with Bitget using our link and benefit from 100% transaction fee rebates in BGB on your first transaction <--
Although the crypto market wasn’t spared, it has so far shown resilience compared to traditional equities. But the same cannot be said for U.S. crypto stocks, which took major hits.
3 Crypto Stocks That Crashed Hard in the Past 30 Days
Not all crypto-related investments weathered the storm well. Several U.S.-listed crypto stocks have taken a significant hit, some losing over a quarter of their value in just one month.
1. Coinbase (COIN) – Down 25%
Coinbase , the largest cryptocurrency exchange in the U.S., is often seen as a bellwether for the crypto industry. But over the past month, its stock has dropped from the highs to currently trade at $160.55, representing a 25% decline.
The company has been impacted by shrinking trading volumes, broader market fear, and tighter regulatory scrutiny, all amplified by the overall stock market selloff.
2. RIOT Platforms (RIOT) – Down 17.55%
RIOT Platforms is one of the Bitcoin mining companies in North America. With falling Bitcoin prices and increased energy costs, RIOT was already under pressure. The added burden of a collapsing stock market pushed its share price down to $7.14, reflecting a 17.55% loss over the past 30 days.
3. Marathon Digital Holdings (MARA) – Down 20.81%
Another major Bitcoin miner, Marathon Digital Holdings ( MARA ), has seen its stock tumble to $11.30, marking a 20.81% decline in just one month. As Bitcoin mining gets more competitive and the market faces macroeconomic stress, MARA is feeling the heat.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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