Crypto Equities Plummet as Bitcoin and Ether Prices Slide

Crypto-related equities are experiencing sharp declines compared to the broader US market. According to The Kobeissi Letter, Coinbase and Circle shares have plummeted by 69% and 72%, respectively, from their all-time highs.

This drop outpaces that of large technology names like Oracle, Salesforce, Netflix, and Palantir, which are down between 48% and 57% from peak levels. The S&P 500 has retreated about 3.5% from its recent high.

Investor pressure is tied to broader risk-off moves, weaker digital asset markets, and policy uncertainty in the US. Bitcoin's drop below $60,000 and Ether sliding toward $1,500 have intensified selling across the sector.