Crypto-related stocks declined as Bitcoin neared its lowest level in almost four months, reflecting broader weakness across digital asset markets. Bit Digital fell 4%, while Coinbase slipped 0.4%. Bitcoin mining companies also posted losses, with Riot Platforms down 2.7%, MARA Holdings 2.2%, and Hut 8 falling 4.9%. Bitcoin-linked exchange-traded funds weakened as well, with ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust both losing 2.6%. The declines show how closely crypto equities track Bitcoin’s performance. Investors will watch whether Bitcoin stabilizes or if further weakness leads to additional pressure on crypto-related stocks and funds.
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