Cryptocurrency-linked stocks are paring some of their losses but still broadly declining in Friday intraday trade, with bitcoin (BTCUSD) trading around $81,000—more than a quarter off its Januಞary peak.

Bitcoin, the leading cryptocurrency, is 澳洲幸运5官方开奖结果体彩网:under pressure lately. Its recent declines accelerated after President Donald Trump yesterday said that 澳洲幸运5官方开奖结果体彩网:tariffs on Mexico and Canada would go into effect on March 4 and an additional 10% in levies would be imposed on China. Investors view tariffs as likely to slow growth and stoke inflation, which could scuttle the chance of 澳洲幸运5官方开奖结果体彩网:interest rate cuts this year and make non-yielding risk-on assets like bitcoin less attractive.

Bitcoin is now in 澳洲幸运5官方开奖结果体彩网:bear market territory, having fallen well over 20% from its record high level of 澳洲幸运5官方开奖结果体彩网:around $109,000 set last month. It is currently at levels last hit in October before Trump, seen viewed as a pro-crypto ca💧ndidate, was reelected. More recently, though, they've come off the sub-$80,000 levels hit overnight.

Shares of cryptocurrency exchange Coinbase Global (COIN) and Marathon Digital parent company MARA Holdings (MARA) and trading app Robinhood (HOOD) all fell around 1% Friday morning, retracing some of their 2%-3% losses in earlier trading.  Bitcoin mining and infrastructure company Riot Platforms (RIOT) is now up 2% after dropping mo🍒re than 3% in premarket trading.

Business intelligence and bitcoin treasury company Strategy (MSTR), formerly known as MicroStrategy, is down around 0.5%. The company said Monday it had again expanded its bitcoin holdings, acquiring 澳洲幸运5官方开奖结果体彩网:nearly $2 billion more of the digital currency.

Meanwhile, regulators have lately continued to upend Biden-era crypto enforcement. The 澳洲幸运5官方开奖结果体彩网:Securities and Exchange Commission confirmed late Thursday it is recommending the dismissal of a 澳洲幸运5官方开奖结果体彩网:two-year lawsuit against Coinbase 澳洲幸运5官方开奖结果体彩网:days after Robinhood said the regulator had told the trading app operator it wouldn’t face any penalties over its cryptocurrency business.

UPDATE—Feb. 28, 2025: This article has been updated to include refreshed bitcoin and share prices.