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Bitcoin prices rose slightly Friday, offering a measure of respite after falling in the wake of this week’s tariff news.
Shares of some crypto-related stocks continued to slide, including Robinhood Markets and Coinbase Global. Shares of Strategy were higher in recent trading.
Bitcoin remains well below the six-figure prices it enjoyed in February, when investors were optimistic that cryptocurrency would fare well under Trump.
Bitcoin prices ticked up Friday, reversing a slide that began when new tariffs were unveiled earlier this week.
Prices for the leading cryptocurrency crept toward $84,000, after sinking below $81,500 Thursday. Bitcoin plunged Wednesday when President Donald Trump announced a package of “reciprocal” tariffs, shocking the markets and sapping investors’ appetite for risk.
The recovery did not extend to several other crypto-related stocks. Shares of Robinhood Markets (HOOD), which facilitates crypto trades, were recently down 11% from Thursday’s close, while shares of Coinbase Global (COIN), a crypto exchange operator, were off by 7%.
Crypto mining company Mara Holdings’ (MARA) shares lost about 1%. Shares of Strategy (MSTR), a Bitcoin buyer previously known as MicroStategy, were recently more than 3% higher on the day.
Bitcoin remains well below the six figure prices it fetched in February when investors were optimistic that Trump’s policies would bolster cryptocurrency.
The total market cap of cryptocurrency is around $2.6 trillion, having shrunk from more than $3.7 trillion in late 2024, according to CoinMarketCap data.
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