Before the market opening on Monday, U.S.-listed shares of cryptocurrency companies saw a decline, following a substantial drop in bitcoin amidst rising tariff tensions and concerns about a potential global trade conflict. Bitcoin dropped by 5.5% on Monday to reach its lowest point in 2025, and was last traded 2.1% lower. Companies like Strategy and Coinbase, as well as Robinhood, experienced losses in premarket trading, with Strategy falling over 10%, Coinbase dropping 7%, and Robinhood sliding 10.5% due to concerns raised by Barclays about the impact of the cryptocurrency market turmoil on its transaction revenue. Similarly, MARA Holdings and CleanSpark, among the miners, saw declines of 11% and 10% respectively. GameStop, which recently incorporated bitcoin as part of its treasury reserves, also experienced a 4% drop. While not directly affected by tariffs, cryptocurrency firms are facing challenges due to the escalating trade tensions, causing negative impacts on investor confidence.