US-listed crypto stocks slide after jobs data
Reuters
2025-08-01 22:31:06
** Shares of crypto-related stocks drop, tracking losses in bitcoin
** Crypto miner Riot Platforms drops 15.5%, hitting its lowest in more than a month
** MARA Holdings , Hut 8 and CleanSpark also down more than 8%
** Coinbase slumps 15.2%; the crypto exchange reported a drop in Q2 adjusted profit after market close on Thursday
** Latest data by the Labor Department shows U.S. employment growth slowed more than expected in July, indicating weakening labor markets
** The data triggered a sell-off across Wall Street, compounding the pressure from tariffs announced by President Donald Trump in Thursday's executive order
** Additionally, the crypto sector has come under selling pressure in recent sessions as some traders booked profits following highs earlier this month
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