Coinbase, miners slide; Is this a signal of deeper Bitcoin crash?The global digital assets market printed red indexes all around on Monday, dragging all the linked funds down with it. Crypto-linked stocks tracked the weakness. Coinbase Global fell by more than 6% during the trading session. COIN price has now dipped by 25% in the past month, and trading in the range of $161.
This comes in when the cumulative crypto market cap dropped by over 3% in the last 24 hours. It now stands at $2.23 trillion. However, its 24-hour trading volume spiked by 107% to hit $102 billion, suggesting the traders are moving their funds amid heavy selling pressure. The Fear and Greed index depicts that the market is in “Extreme Fear”.
Strategy, Bitcoin miners join the fall
Strategy took a hit of almost 6% during the trading session. The largest corporate holder of Bitcoin recently bagged 592 BTC for approximately $39.8 million. The purchase came at an average price of $67,286 per coin. MSTR is trading at an average price of $123.19 at the press time. However, it has been running down by around 24% over the last month.
Bitcoin miners also retreated, with Riot Platforms down about 2%. RIOT is holding some greens, recorded over the past 5 days, yet still trading down by 10% over the last month. Adding more to the uncertainty, Hut 8 fell by 2%, and MARA Holdings fell by around 3%.
The all-around drop came in when Bitcoin price fell below the $64,500 mark. BTC is down by more than 27% over the past 30 days, sliding toward the lower end of its recent trading range. It dragged crypto-linked equities and exchange-traded funds lower as risk appetite weakened across markets.
Ether declined by 4% over the last 24 hours. It is now seen as the digital asset’s worst start to a year on record. Bitcoin is down about 26% through the first 50 days of 2026. ETH nosedived by 38% in the same period.
The latest bout of volatility followed comments from the US President Donald Trump over the weekend that he would raise his newly announced global tariff level to 15% from 10%. His response came in after the US Supreme Court struck down most of the tariffs he imposed last year.
Selloff spreads to Robinhood, Galaxy
Other crypto-exposed names posted losses as well. Shares of Robinhood Markets, which generates revenue from crypto trading, were down about 5%. HOOD has posted a dip of more than 32% in the last month. It is trading at an average price of $72.17 at the press time. Galaxy Digital also dropped by nearly 4%, while trading at a price of $20.38.
Bitcoin-linked exchange-traded products also weakened. ProShares Bitcoin Strategy ETF (BITO) and iShares Bitcoin Trust (IBIT) fell by more than 4%. Data shows that investors have withdrawn almost $1 billion till now, in the month of February. However, January saw a sell-off of around $1.6 billion.
The pullback coincided with broader equity declines. The S&P 500 and Nasdaq 100 each fell more than 1%, led by renewed weakness in software and private equity stocks. The iShares Expanded Tech-Software ETF dropped another 5% to a fresh 52-week low and is now down nearly 35% since October.
