Crypto Equities Slide as Coinbase, Circle, Strategy, and MARA Front the Post-Rally Pullback

Crypto Stocks Retreat as Weekend Sell-Off Erodes Friday Rally

Crypto-related equities stumbled on Monday as a sharp reversal in digital asset prices late Sunday weighed on sentiment.

MARA Holdings (MARA) and Circle (CRCL) led the declines, each down around 6% in early U.S. trading. Bullish (BLSH) slipped 5%, while Strategy (MSTR) fell 3%. Other listed companies with exposure to digital assets — including Coinbase (COIN), eToro (ETOR), and Robinhood (HOOD) — also traded lower.

The sell-off mirrored moves in the underlying market. Bitcoin (BTC) slid about 4% in the past 24 hours, while ether (ETH) dropped 5.5%, both retreating sharply from weekend peaks.

The declines followed a Friday surge, when dovish comments from Federal Reserve Chair Jerome Powell briefly lifted risk appetite and fueled a rally across crypto and equities. Traders initially bet that the Fed may move to cut interest rates as early as September.

But the momentum quickly faded. “The crypto market is grappling with macro pressures: shifting Fed signals, dollar strength, and risk reduction,” said Joel Kruger, market strategist at LMAX. “While Powell hinted at rate cuts, the nuance and less dovish undertone left markets jittery.”

Traditional markets were steadier, with the S&P 500, Nasdaq, and Dow little changed, alongside muted moves in gold and the 10-year U.S. Treasury yield.

Looking ahead, Nvidia’s earnings on Wednesday could be a key test for risk sentiment, with Thursday’s GDP and jobless claims data and Friday’s core PCE release also likely to shape expectations for Fed policy.