{"id":9922,"date":"2025-08-19T18:34:10","date_gmt":"2025-08-19T18:34:10","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/9922\/"},"modified":"2025-08-19T18:34:10","modified_gmt":"2025-08-19T18:34:10","slug":"crypto-stocks-tumble-on-tuesday-as-investors-go-into-risk-off-mode","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/9922\/","title":{"rendered":"Crypto stocks tumble on Tuesday as investors go into risk-off mode"},"content":{"rendered":"

The Coinbase logo is displayed on a mobile phone screen with stock market percentages in the background.<\/p>\n

Idrees Abbas | Sopa Images | Lightrocket | Getty Images<\/p>\n

Crypto stocks suffered on Tuesday as investors fled tech stocks and riskier corners of the market.<\/p>\n

Among crypto exchanges, Coinbase<\/a> and eToro<\/a> fell more than 5% each, while Robinhood<\/a> and Bullish<\/a> both dropped more than 6%. Crypto financial services firm Galaxy Digital<\/a> dropped 11%. In the burgeoning sector of crypto treasury firms, Strategy<\/a> lost 7%, SharpLink Gaming<\/a> slid 8%, Bitmine Immersion<\/a> slumped 12% and DeFi Development<\/a> tumbled 15%. Stablecoin issuer Circle<\/a> lost 5%.<\/p>\n

Meanwhile, the price of bitcoin<\/a> pulled back nearly 3% to just over $113,000. Ether<\/a> was down more than 4% to the $4,100 level, according to Coin Metrics.<\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

Bitcoin over the past day<\/p>\n

Investors appeared to rotate out of tech names on Tuesday. The sector had seen a boost last week as traders weighed the prospect of more interest rate cuts. Also, bitcoin touched an intraday all-time high near $125,000 last week.<\/p>\n

On Tuesday, the Nasdaq Composite<\/a> was down more than 1%, weighed down by declines in Nvidia and other tech heavyweights.<\/p>\n

The crypto market tends to be vulnerable to moves in tech stocks due to their growth-oriented investor base, narrative-driven price action, speculative nature and tendency to thrive in low-interest rate environments.<\/p>\n

This week, investors are watching the\u00a0Federal Reserve’s annual economic symposium in Jackson Hole, Wyo<\/a>.\u00a0for clues around what could happen at the central bank’s remaining policy meetings this year. If Fed Chair Jerome Powell signals more dovish policy could be ahead, crypto may bounce.<\/p>\n

“With Powell speaking at Jackson Hole, we typically see profit-taking ahead of his remarks,” said Satraj Bambra, CEO of hybrid exchange Rails. “Any time there’s communication uncertainty from the Fed, you can generally expect some profit-taking as traders de-risk their positions.”<\/p>\n

Crypto stocks have had a solid run in recent months \u2014 thanks to the addition of Coinbase in the benchmark S&P 500<\/a> index, the successful IPO of Circle<\/a> and the GENIUS Act stablecoin framework<\/a> becoming law. However, investors expect a pullback in August<\/a> and through the September Fed meeting, where they hope to see central bank policymakers implement rate cuts.<\/p>\n

Don’t miss these cryptocurrency insights from CNBC Pro: <\/p>\n","protected":false},"excerpt":{"rendered":"The Coinbase logo is displayed on a mobile phone screen with stock market percentages in the background. Idrees…\n","protected":false},"author":2,"featured_media":9923,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[214,5761,7170,3055,491,7172,79,207,9677,9683,4035,9678,193,18,7167,7168,9679,9681,19,204,17,188,192,9682,7171,9680,82],"class_list":{"0":"post-9922","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bitcoin","9":"tag-bitcoin-usd-coin-metrics","10":"tag-bitmine-immersion-technologies-inc","11":"tag-breaking-news-investing","12":"tag-breaking-news-markets","13":"tag-bullish","14":"tag-business","15":"tag-business-news","16":"tag-circle-internet-group-inc","17":"tag-coinbase-global-inc","18":"tag-cryptocurrency","19":"tag-defi-development-corp","20":"tag-dow-jones-industrial-average","21":"tag-eire","22":"tag-ethereum","23":"tag-ethereum-usd-coin-metrics","24":"tag-etoro-group-ltd","25":"tag-galaxy-digital-inc","26":"tag-ie","27":"tag-investment-strategy","28":"tag-ireland","29":"tag-markets","30":"tag-nasdaq-composite","31":"tag-robinhood-markets-inc","32":"tag-sharplink-gaming-ltd","33":"tag-strategy-inc","34":"tag-technology"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/9922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=9922"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/9922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/9923"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=9922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=9922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=9922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}