Crypto stocks fall as bitcoin slumps, with Strategy and Circle down 4%
Crypto stocks fell in premarket trading on Monday as bitcoin hovered near $74,000, close to its lowest level in over two months.
Strategy (MSTR), which holds bitcoin as its main asset, and stablecoin issuer Circle Internet Group (CRCL) both fell about 4%. Coinbase Global (COIN) was down 2.8%. The moves, as of 5:48 a.m. ET:
| Stock | Premarket move |
|---|---|
| Bitmine Immersion Technologies (BMNR) | -5.2% |
| Strategy (MSTR) | -4.0% |
| Circle Internet Group (CRCL) | -4.0% |
| Coinbase Global (COIN) | -2.8% |
| MARA Holdings (MARA) | -2.7% |
| Riot Platforms (RIOT) | -1.8% |
| Robinhood Markets (HOOD) | -1.7% |
| Galaxy Digital (GLXY) | -1.7% |
Ether fell harder than bitcoin, down 5.4% to about $2,106. That hit Bitmine (BMNR), which holds ether in its treasury, the most.
Bitcoin miners Riot and MARA gave back part of Friday's rally. Riot closed 13% higher on Friday and MARA 8% higher.
Bitcoin now trades below what Strategy paid for its coins on average. The company held 849,327 bitcoin bought at an average price of $75,451 as of November 1, its latest filing shows.
The pressure comes from Washington. Democrats take control of Congress in January after their midterm sweep, and they want stricter rules for the industry: tighter ethics limits, more consumer protection and a larger say for the Securities and Exchange Commission over crypto.
Senator Elizabeth Warren, a longtime critic of crypto firms, is expected to chair the Senate Banking Committee, which would give her subpoena power. Reuters reports that she is likely to look into the bank charter regulators granted in August to World Liberty Financial, a crypto venture backed by President Donald Trump.
The selling ran against the wider market. S&P 500 futures were up 0.4% and Nasdaq 100 futures 0.3%, while the 10-year Treasury yield held at 4.86%.
Sources & Further Reading
- "Stocks edge up but Nvidia woes pose a fresh test, oil falls." Reuters. November 9, 2026.
- "Strategy Inc Current Report (Form 8-K)." Strategy. November 2, 2026.
- "Crypto's Trump-Fueled Washington Boom Reaches Its Endgame." Bloomberg. November 7, 2026.
- "Wall Street critic Elizabeth Warren could be at the height of her power in new Congress." Reuters. November 6, 2026.
This article was drafted with the help of AI. Gabe Dunsmith fact-checked, edited and published the article and is responsible for its accuracy and quality. How we use AI
