Crypto Stocks Plunge as Bitcoin Falls 3% to $61,300
Updated
Updated · CoinDesk · Jun 5
Crypto Stocks Plunge as Bitcoin Falls 3% to $61,300
3 articles · Updated · CoinDesk · Jun 5
Summary
Galaxy Digital sank about 8% in early Friday trading, leading a broad selloff in crypto-linked stocks as digital-asset weakness spread into equities.
Bitcoin fell roughly 3% over 24 hours to $61,300, prompting investors to pull back from higher-risk names tied to the sector.
Riot Platforms, CleanSpark, Hut 8 and Hive Digital all traded sharply lower, showing the pressure was especially acute among bitcoin miners.
Coinbase, Robinhood and Bullish also declined, while the broader risk-off mood hit traditional markets too, with the S&P 500 and Nasdaq each down about 1%.