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Jun 05 - 01:55 PM

Bitcoin - Crypto-Linked Stocks Slide As Bitcoin Tumbles To Lowest Since 2024

By Lance Tupper  —  Jun 05 - 12:49 PM

• Cryptocurrency and blockchain-related stocks slide on Fri, as bitcoin slumps for sixth straight day

• Bitcoin, world's largest cryptocurrency, recently down 4.4% to $60,805.85 after falling as low as $59,786.72, lowest since Oct 2024

• Ether plunging 10% to around $1,591, an over one-year low

• Crypto exchange Coinbase Global down >8% on Fri

• BTC hoarder Strategy down 9% after hitting a four-month low

• Retail trading platform Robinhood Markets down ~8%

• Crypto miners Mara Holdings , Bit Digital

and Riot Platforms all down >10%

• Ether-linked stocks sag: Bitmine Immersion Technologies

and Sharplink Gaming both down about 10%

• ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust ETF both off >4%, while iShares Ethereum Trust ETF down 11%

• BTC now off roughly 30% YTD and about 50% from its all-time high of around $126,000 touched in Oct 2025
(Lance Tupper is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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