U.S. crypto stocks slide as Trump's sweeping tariffs jolt markets


FILE PHOTO: Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) - U.S. crypto stocks declined on Thursday after President Donald Trump's latest round of sweeping tariffs rattled investor confidence due to rising global trade tensions, sparking a sell-off in riskier assets.

Crypto exchange Coinbase Global fell about 7.7%, while major bitcoin holder Strategy dropped 5.6%. Among miners, MARA Holdings, Riot Platforms and Bitfarms slipped about 8.3%, 8.7% and 5%, respectively.

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