
Crypto stocks down as bitcoin falls after Trump's tariff announcement
** Crypto and blockchain-related stocks fall in premarket trading ** Bitcoin , the world's biggest cryptocurrency, falls 2.4%, while Ether down 3.1%** U.S. President Donald Trump late Wednesday unleashed sweeping tariffs on dozens of rivals and allies ** Tariffs have rattled confidence and deepened concerns over global trade war, sparking a sell-off in risky assets ** Research boutique firm Fundstrat says crypto is in a tough spot until someone blinks ** "The ongoing trade war remains the dominant driver of crypto’s next move," says Sean Farrell, head of digital asset strategy at Fundstrat ** "We turn bullish if other countries concede or if economic weakness results in a fiscal or monetary response" ** Crypto exchange Coinbase falls 4.2%, bitcoin bull Strategy down 3.5% ** Bitcoin miners CleanSpark , Riot Platforms , and MARA Holdings fall 5.4%, 4.7%, and 4.5%, respectively** iShares Bitcoin Trust and ProShares Bitcoin Strategy ETF fall nearly 4%