Cryptocurrency-linked stocks slide following Moody’s downgrade of U.S. credit rating

Published 05/19/2025, 06:02 AM
© Reuters.

Investing.com -- Cryptocurrency-related stocks in the United States experienced a decline in premarket trading, mirroring the drop in Bitcoin’s price. This follows a widespread move towards risk aversion after Moody’s Ratings downgraded the United States’ top credit rating.

The stocks that saw movement include Coinbase (NASDAQ:COIN) with a decrease of 3.1%, MicroStrategy down by 1.2%. Bitfarms saw a drop of 4.3%, while Cipher Mining (NASDAQ:CIFR) experienced a significant 6.5% decline. Bit Digital fell by 3.8%, and Riot Platforms (NASDAQ:RIOT) decreased by 1.6%.

MARA Holdings saw a decrease of 1.7%, while CleanSpark (NASDAQ:CLSK) fell by 2.1%. Core Scientific decreased by 3.2%, and TeraWulf fell by 3.3%. Lastly, Robinhood (NASDAQ:HOOD) fell as much as 4.7%.

These movements in cryptocurrency-related stocks come as Bitcoin’s price also experiences a downturn, reflecting a broader trend of risk aversion in the market after the United States’ credit rating was downgraded by Moody’s Ratings.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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