Bitcoin’s price dipped as low as $80,226, triggering a broad sell-off across the crypto market. Major altcoins also faced significant losses, reflecting heightened investor anxiety.

Crypto-Linked Stocks See Red

The downturn extended to traditional markets, with crypto-adjacent stocks sliding in pre-market trading on Monday. MicroStrategy (MSTR) and Coinbase (COIN) both dropped over 5%, while Bitcoin mining firms MARA Holdings (MARA), Riot Platforms (RIOT), Core Scientific (CORZ), and CleanSpark (CLSK) fell by at least 2.5%.

Coinbase Faces Double Blow

Adding to Coinbase’s troubles, its share price slipped below $205 after the company failed to secure a spot in the S&P 500 following the latest index rebalancing. This exclusion dampened investor sentiment, further pressuring the stock.

Extreme Fear Grips Crypto Markets

With Bitcoin’s slump and broader market uncertainty, the Crypto Fear and Greed Index dropped to 17, signaling “extreme fear”—a multiyear low. The latest downturn has been partly driven by concerns over potential tariffs under a Trump administration, impacting risk assets like crypto and equities.

As regulatory and macroeconomic challenges persist, traders remain cautious, bracing for further volatility in the coming weeks.