Crypto stocks face renewed pressure on October 16, 2025 amid a fresh pullback for Bitcoin, with the benchmark digital asset’s price slipping below $110,000 on Thursday.
Summary
- Crypto stocks, including MARA, Riot Platforms and Strategy, fell as Bitcoin price retreated under $110,000.
- BTC fell to below $108,000 while major crypto stocks slipped 10-14%.
- Macro factors, including trade tensions and government shutdown, put pressure on crypto related public companies.
The downturn for crypto stocks, which had MARA, Bitfarms and Riot among top losers, came amid a dip for stocks. After opening higher on Thursday, U.S. stocks wavered as investors reacted to the latest U.S.-China trade war tensions and ongoing government shutdown.
Bitcoin (BTC) dropped as cryptocurrencies mirrored Wall Street, and its retreat to lows of $107,642 triggered declines for BTC-related publicly-traded companies.
Bitcoin price dips
Bitcoin’s value fell to under $105,000 on October 10 as a crypto bloodbath wiped out over $19 billion in leveraged positions. However, bulls quickly rallied to above $115,000, as sentiment held bullish earlier in the week.
The top crypto has again pared gains as its price falls below $108k – with negative action cascading to shares of publicly traded companies. With these public companies heavily tied to crypto mining, treasury holdings and such, the dip in BTC reflects in their trading.
Top crypto stocks plummet
Bitfarms Ltd. (BITF), whose shares had tumbled 14.4% by midday trading, led the carnage. The Toronto-based miner’s stock hovered around CAD 7.75. Meanwhile, MARA traded at $20.28, about 11% down on the day, and Nasdaq-listed Riot Platforms (RIOT) slid nearly 10%, with its stock price dipping to $20.
Other crypto stocks feeling the heat include Hut 8 Mining Corp. (HUT), down 6% to $50.77. Elsewhere, Strategy, the world’s largest corporate holder of BTC, traded 3.5% down at $286.47. Michael Saylor shared the chart below showing MSTR performance compared to other stocks and BTC.
NYSE-listed Circle Internet Group Inc, the company behind the USDC stablecoin, was down 3.8% at $129.37. The stock of Coinbase, the U.S.-based crypto exchange behemoth, hovered around $333, with its shares down 0.98%.
Macroeconomic factors continue to hinder bulls, the crypto market remains largely upbeat ahead of potential interest rate cuts by the Federal Reserve. In this case, correlation with equities and vulnerability to external shocks will likely provide the backdrop for short-term Bitcoin price trajectory.
