Key Takeaways
The mood in cryptocurrency markets hasn't improved to start this week, as Bitcoin (
BTCUSD
) and a number of stocks tied to digital currencies are all moving lower Monday morning.
Stocks like cryptocurrency exchanges including Robinhood (
HOOD
) and Coinbase (
COIN
) and Bitcoin miners like Mara Holdings (
MARA
) each
fell late last week
, along with Strategy (
MSTR
), the largest corporate holder of Bitcoin. The cryptocurrency also fell over the weekend, following Friday's 3.3% decline with a 2.1% drop Saturday.
The group declined as investors appeared to move away from both riskier and more conventional assets, with the broader stock market also
down on Friday
. Uncertainty over the Trump administration's economic policies like tariffs has created a volatile stock market in recent weeks, as the S&P 500 and Nasdaq have each declined in five of the last six weeks.
The price of Bitcoin soared in the weeks following Trump's November election win as
the industry anticipated
a friendlier regulatory environment. Bitcoin surpassed $100,000 for the
first time in December
and set a record
high above $109,000
on the day of his inauguration, but has tumbled in the weeks since.
Bitcoin edged lower Monday morning to roughly $82,200, while Coinbase and Strategy were each down more than 3% and 4%, respectively, as Robinhood declined around 7% and Mara Holdings fell around 5%.
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