US Crypto Stocks Decline Amid Market Sell-Off
- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Crypto-concept stocks decline sharply post-market.
- Broader fiscal fears exacerbate sell-off conditions.
Coinbase, Robinhood, and other crypto-concept stocks saw marked declines in the US post-market session, with shares dropping significantly due to recent fiscal policy announcements and broader economic concerns.
The event highlights significant swings in crypto asset values and impacts on technology stocks, reflecting increasing market volatility and fiscal policy-induced risk aversion.
Several major technology and crypto companies, including Coinbase, Robinhood, and Strategy, are experiencing significant share price declines. Shares of Coinbase fell 5%, while Robinhood saw a 14% drop, alongside broader economic concerns.
The post-market decline is attributed to fears surrounding President Trump’s “One Big Beautiful Bill,” which proposes tax cuts and increased fiscal deficits. Market sentiment reflects a risk-off disposition across crypto-technology stocks, with Bitcoin dropping by 5.5%.
Technical indicators suggest that Bitcoin is nearing a ‘death cross,’ where the 50-day moving average crosses below the 200-day moving average, which could signal further bearish momentum.” – Sathvik Vishwanath, Co-Founder & CEO, Unocoin
Rising Treasury yields above 5%, driven by concerns about US government debt, contribute to negative market conditions. This impacts liquidity and raises borrowing costs for risk assets, adding pressure to the crypto sector.
Experts, such as Sathvik Vishwanath and Trevor Koverko, provide insights into market dynamics. Technical indicators on Bitcoin suggest further bearish trends, while analysts argue institutional investors are increasingly cautious during shifting fiscal landscapes.
Historically, similar fiscal concerns have triggered market sell-offs, with combined tech and crypto stock drops. Such patterns point to high volatility, especially for cryptocurrencies with governance tokens and DeFi protocol assets.
Reports indicate institutions, like BlackRock, are adjusting portfolios amid these shifts. High fiscal policy uncertainty coupled with macro-political developments is driving strategic portfolio reallocations in search of more stable investments.
