On April 7, U.S. crypto stocks are anticipated to open lower as trade tensions linked to Trump triggered a widespread market sell-off.
Investor sentiment soured with renewed worries about U.S. tariffs and the potential for retaliation from China, causing equity futures to drop significantly at the market’s opening.
Bitcoin (BTC) dipped below $75,000 over the weekend, negatively impacting crypto-related stocks. A firm holding over 214,000 BTC reported a $5.91 billion unrealized loss on digital assets during the first quarter.
Despite incurring this loss, the firm did not make any further Bitcoin acquisitions during that quarter. In pre-market trading, shares of MicroStrategy fell 9%, trading at $266.34 after the declines in the first quarter of 2025.
Response of Crypto Stocks
Coinbase also experienced a decline, as weaker Bitcoin prices affected the exchange’s trading volumes. In pre-market trading, its stock was down to $148.90, a decrease of 11.65 (7.26%).
Last week, Cathie Wood’s Ark Invest added 83,157 Coinbase shares, valued at about $13.4 million at current prices, across three of its ETFs. Despite this investment, Coinbase’s stock has dropped roughly 5% in the last week and appears to be headed for additional losses.
Marathon Digital Holdings saw a similar downturn, with its shares declining by pre-market trading by 10.12, reflecting a drop of 1.18 (10.44%). Investors seemed to assess the company’s Bitcoin mining exposure differently compared to firms holding direct token assets.
Riot Platform’s stock was at 6.54 in pre-market trading, down 0.60, or 8.40%. Robinhood’s stock was at 30.88, decreasing by 3.63, or 10.52%.
These stock valuations come amid Bitcoin’s mining hashrate eclipsing 1 Zetahash per second, representing a 1000X rise since January 2016. U.S. miners are grappling with dwindling profits and rising equipment costs.
This downturn is part of a broader risk-averse trend following significant declines in major stocks within Asian, European, and American markets as a result of President Trump’s tariffs.
Asian markets are currently facing their most challenging two-day stretch for Wall Street stocks in five years.