On Tuesday morning U.S.-listed crypto stocks slid after Bitcoin dipped below $90,000, squeezing firms that hold large crypto treasuries and following the post-holiday return to trading and fresh tariff threats from President Donald Trump. Traders cited the price move and geopolitical uncertainty as drivers of the sell-off (Ed. note: increased institutional activity can amplify holiday-week moves).
Bitcoin fell about 2.5% in 24 hours and traded between roughly $90,000 and $91,000, with an intraday low near $89,929, according to CoinGecko. Reported trading volume rose about 14% to $68.6 billion, as tracked by CoinGlass.
Major U.S. stock indices were down more than 1% while top crypto equities slid further. Strategy, which recently purchased about $2.1 billion of Bitcoin, fell more than 6% after the open (MSTR).
SharpLink Gaming shares dropped about 7.8% to near $10.14, while the company holds roughly $2.4 billion of ETH in its treasury (SBET), and its CEO said, “2025 was a year that DATs did their initial accumulation, 2026 needs to be the year of productivity.”
MARA Holdings slid about 5.7% to $10.70 after previous midstream supply plans were announced. “[The] setup feels like we’re coiling rather than breaking down,” wrote Wintermute analysts on the recent price action.
