The post Crypto Stocks Crash Amid Bitcoin and Altcoin Market Crash appeared on BitcoinEthereumNews.com.

Crypto stock market crash happened as Bitcoin’s decline drags the market down. Mining firms like Marathon Digital and Riot Blockchain are facing steep losses. The U.S. government and SEC are adopting a more crypto-friendly stance despite the slump. The digital currency market is in free fall, taking top crypto-related stocks with it. Bitcoin’s decline has shaken the industry, with big exchanges, trading venues, and mining companies falling victim to it. Coinbase Drops Coinbase, the largest US cryptocurrency exchange, had its stock fall from close to $350 a share in November to $190. This steep plunge has caused a huge loss of market capitalization, from $86 billion to $48 billion, which represents a $38 billion drop. MicroStrategy’s Bitcoin Strategy Under Pressure MicroStrategy, rebranded as Strategy, has also taken a big hit. The firm, which continues to add Bitcoin to its balance sheet, has lost market capitalization from $106 billion in the previous year to $79 billion. With 499,226 Bitcoins on its balance sheet, the firm’s fate is still directly linked to the price action of Bitcoin. Robinhood, once known for retail trading, is now a force to be reckoned with in the cryptocurrency world. Its shares, though, have not escaped the downturn in the market, falling from a high of $66.85 this year to $45. The fall has wiped out about $18 billion in value. Robinhood has not let such challenges deter it from further expanding its footprint in the crypto arena, especially with its acquisition of BitStamp scheduled later this year. Bitcoin Miners under Strain Companies involved in mining Bitcoin have experienced a rough blow as decreasing BTC prices compress profitability margins. Mara Holdings, a company once recognized as Marathon Digital, lost more than $4.6 billion in its market value. Several other mining businesses, such as Riot Blockchain, Core Scientific,…

---

Filed under: News - @ March 23, 2025 8:17 pm