Crypto Market Struggles Spill Into Stock Prices as U.S. Futures Point to Continued Bitcoin Declines

The disruption in the cryptocurrency markets has now spread to the stock prices of crypto-focused companies, with U.S. futures indicating a downturn in equities, which is likely to drive Bitcoin (BTC) to further losses as it often mirrors the movement of U.S. stock markets.

S&P 500 futures dropped 1.4%, Dow Jones futures fell 1.2%, and futures on the tech-heavy Nasdaq 100 lost 1.7%.

Shares of Metaplanet (3350), also known as Asia’s MicroStrategy for its Bitcoin holdings, dropped by 9.44% on the Tokyo Stock Exchange. SBI Holdings, a venture fund focused on crypto and blockchain, saw its shares fall 3.60%.

In pre-market trading, U.S.-listed companies Coinbase (COIN) and MicroStrategy (MSTR) were down over 5.9%, while mining companies MARA Holdings (MARA) and Riot Platforms (RIOT) experienced a 6% drop. Additionally, the T-Rex 2x Long MSTR Daily Target ETF, which offers 200% returns based on MicroStrategy’s daily performance, decreased by 9.6%.

Pre-market trading, which takes place before the official market open, is typically more volatile due to reduced liquidity and participation primarily from institutional investors and funds.

The crypto market faced a significant decline on Monday after President Donald Trump imposed tariffs on imports from Canada, Mexico, and China, and threatened to extend these tariffs to the European Union. This triggered declines in stock markets across Asia and Europe, while the U.S. dollar gained strength as investors moved away from riskier assets. Major cryptocurrencies, including XRP and Ether (ETH), suffered a 25% loss, reflecting a broader shift away from high-risk investments.