U.S. Futures Signal Additional Bitcoin Declines, Causing Crypto Stocks to Fall Pre-Market

Crypto Market Turmoil Spills Over to Stocks as U.S. Futures Signal Further Bitcoin Losses

The turmoil in the cryptocurrency markets has begun affecting stocks of crypto-related companies, with U.S. futures pointing to a continued decline in equities. This trend is expected to weigh down Bitcoin (BTC) further, as the cryptocurrency typically tracks the movements of U.S. stock markets.

S&P 500 futures fell by 1.4%, Dow Jones futures dropped 1.2%, and futures on the Nasdaq 100, known for its heavy tech exposure, lost 1.7%.

Shares of Metaplanet (3350), often referred to as Asia’s version of MicroStrategy due to its Bitcoin holdings, saw a sharp 9.44% drop on the Tokyo Stock Exchange. SBI Holdings, a crypto and blockchain venture fund, experienced a 3.60% decline.

In pre-market trading, U.S.-listed stocks like Coinbase (COIN) and MicroStrategy (MSTR) were down more than 5.9%, while mining stocks MARA Holdings (MARA) and Riot Platforms (RIOT) fell 6%. Additionally, the T-Rex 2x Long MSTR Daily Target ETF, which amplifies the daily returns of MicroStrategy, dropped by 9.6%.

Pre-market trading, which happens before the official market hours, tends to be more volatile due to lower liquidity and limited participation from institutional investors and funds.

Crypto markets took a significant hit on Monday after President Donald Trump imposed tariffs on imports from Canada, Mexico, and China over the weekend, and threatened new taxes on the European Union. This news sent shockwaves through stock markets across Asia and Europe, with the U.S. dollar edging higher as investors shifted away from riskier assets. Major cryptocurrencies like XRP and Ether (ETH) lost 25%, reflecting a broader market shift away from high-risk investments.