Cryptocurrency-exposed stocks are declining as Bitcoin drops 3.5% to $84,163. The broader market is also retreating as investors worry about escalating trade tensions following President Trump's latest tariff announcements. TeraWulf leads declines (-8.32%), followed by MARA Holdings (-7.25%), while Coinbase is down 3.89% to $191.75 and Strategy falls 5.3% to $307.
Market Pressures Mount
Bitcoin plunged after Trump's decision to impose a 25% tariff on imported automobiles, adding to earlier tariffs on goods from Mexico, Canada, and China. The total crypto market cap has dropped 2.6% to $2.76 trillion, with Ethereum, XRP, and Dogecoin each declining over 6%. Contributing to volatility is the expiration of $14 billion in Bitcoin and Ethereum options today, which has already triggered $418 million in liquidated positions.
Meanwhile, GameStop's announcement to raise $1.3 billion for Bitcoin purchases has backfired, with its stock plunging 25% and wiping $2.8 billion off its market value. Analysts note cryptocurrencies are "lacking new incoming funds and new narratives" as market participants also eye upcoming U.S. inflation data and potential Federal Reserve responses.
Coinbase, Strategy, Semler Scientific (D1 Interval)
Bitcoin (D1 Interval)
Bitcoin is retesting the 50% Fibonacci retracement level, which was a strong support zone last month. The RSI continues its long-term bearish divergence following an unsuccessful breakout, while the MACD is on the verge of a bearish crossover. Source: xStation
Daily Summary: CPI down, Markets Up
Procter & Gamble: After Earnings
"Mad Max" mode - Is Tesla in trouble?
Intel’s turnaround is showing results
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
