On October 16, 2025, crypto stocks are experiencing renewed pressure as Bitcoin undergoes a fresh pullback, with the leading digital asset’s price falling below $110,000 on Thursday.
Summary
- Crypto stocks such as MARA, Riot Platforms, and Strategy are declining as Bitcoin’s price drops beneath $110,000.
- BTC has fallen below $108,000 while significant crypto stocks have seen declines of 10-14%.
- Macroeconomic factors like trade tensions and a government shutdown are pressuring crypto-related public companies.
The drop in crypto stocks, with MARA, Bitfarms, and Riot among the largest decliners, coincided with a broader decline in stocks. Despite opening higher on Thursday, U.S. stocks fluctuated as investors reacted to escalating U.S.-China trade tensions and the ongoing government shutdown.
Bitcoin (BTC) fell as cryptocurrencies mirrored Wall Street’s movements, with its drop to lows of $107,642 resulting in declines for public companies associated with BTC.
Bitcoin Price Decline
On October 10, Bitcoin’s value dipped below $105,000 during a crypto downturn that erased over $19 billion in leveraged positions. However, bulls managed to push prices back above $115,000 as sentiment remained bullish earlier in the week.
The leading cryptocurrency has once again lost ground, with its price falling below $108,000—leading to a cascading effect on shares of publicly traded companies linked to crypto mining, treasury holdings, and more. The decline in BTC is reflected in their stock performances.
Major Crypto Stocks Plummet
Bitfarms Ltd. (BITF) led the decline, with shares plummeting 14.4% by midday trading, hovering around CAD 7.75. Meanwhile, MARA traded at $20.28, down approximately 11% for the day, while Nasdaq-listed Riot Platforms (RIOT) fell nearly 10%, with its stock price dropping to $20.
Other crypto stocks affected include Hut 8 Mining Corp. (HUT), which is down 6% to $50.77. Additionally, Strategy, the largest corporate holder of BTC globally, saw its shares decrease by 3.5% to $286.47. Michael Saylor shared the chart below illustrating MSTR performance in relation to other stocks and BTC.
NYSE-listed Circle Internet Group Inc., responsible for the USDC stablecoin, fell 3.8% to $129.37. Coinbase, the major U.S.-based crypto exchange, saw its stock hover around $333, down 0.98%.
Despite macroeconomic challenges, the crypto market remains optimistic in anticipation of potential interest rate cuts from the Federal Reserve. In this scenario, the correlation with equities and susceptibility to external shocks are likely to influence Bitcoin’s short-term price movement.
