Crypto Stocks Slide Premarket After Bitcoin Drops to $80K
Author: Jamie Crowley | Edited by: Sheldon Reback Updated: March 10, 2025, 1:25 PM UTC Published: March 10, 2025, 12:13 PM UTC
The prolonged sell-off in cryptocurrencies also weighed on stock markets, as crypto-related companies suffered losses in pre-market trading on Monday.
Shares of Strategy (MSTR) and Coinbase (COIN) were down more than 5%, while bitcoin mining companies such as MARA Holdings (MARA), Riot Platforms (RIOT), Core Scientific (CORZ) and CleanSpark (CLSK) were trading down at least 2.5%.
Coinbase’s fall below $205 has compounded the cryptocurrency exchange’s woes as it failed to qualify for inclusion in the S&P 500 during the index’s latest rebalance.
Bitcoin fell to $80,226, with major altcoins also showing significant declines as President Trump’s tariff threat weighed on risk assets including cryptocurrencies and stocks.
This bearish atmosphere peaked when the cryptocurrency fear and greed index fell to a multi-year low of 17, indicating “extreme fear.”
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