Crypto Stocks Tumble in Pre-Market Trading as Bitcoin Dives to $112K

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Crypto stocks tumbled in pre-market trading as bitcoin and ether extended heavy overnight losses, fueling $1.6 billion in liquidations across derivatives exchanges.

By Oliver Knight|Edited by Parikshit Mishra

Updated Sep 22, 2025, 11:46 a.m. Published Sep 22, 2025, 11:36 a.m.

COIN shares (TradingView)
  • Coinbase (COIN), Strategy (MSTR), Mara Holdings (MARA) and Metaplanet (TYO: 3350) all fell by more than 2–3% in pre-market trading, mirroring the crypto market downturn.
  • Solana-focused Forward Industries (FORD) dropped as much as 5% while ether treasury firm BitMine (BMNR) lost nearly 4%, underscoring pressure on corporate balance sheets tied to digital assets.
  • After last week’s rally on the Fed’s 0.25% rate cut, BTC and ETH reversed sharply, triggering over $500 million in ether liquidations alone within 24 hours.

Crypto-related company stocks tumbled in pre-market trading on Monday as bitcoin BTC$108,783.53 and several altcoins succumbed to unrelenting sell pressure, spurring $1.6 billion in liquidations across derivatives exchanges.

Coinbase (COIN) is down by 3% in pre-market trading while Strategy (MSTR) slid by 2.3%. Mara Holdings (MARA) and Metaplanet (TYO: 3350) also lost more than 3%.

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Crypto treasury companies had a rougher morning; with solana treasury company Forward Industries (FORD) selling off by as much as 5% in pre-market trading while ETH-focused BitMine (BMNR) lost 3.9%.

The equities sell-off comes after a grueling weekly open for crypto markets during the Asia morning; BTC and ether (ETH) are down 2.3% and 6.4% respectively while several altcoins were dealt double-digit moves to the downside.

The move was a culmination of several tokens losing momentum after gaining ground last week alongside the Federal Reserve’s decision to cut interest rates by 25 basis points.

The reversal led to widespread liquidations across crypto derivatives exchanges, with $500 million worth of ETH positions being unwound in the past 24 hours, according to CoinGlass.

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As investors look for alternatives to traditional assets, bitcoin could evolve from a speculative bet into a legitimate pillar of the global financial system, the bank said.

O que saber:

  • Deutsche Bank says bitcoin could appear on central bank balance sheets by 2030, coexisting with gold as a complementary hedge asset.
  • The cryptocurrency’s 30-day volatility hit historic lows even as prices topped $123,500, suggesting a shift from speculation toward maturity.
  • Neither bitcoin nor gold is likely to replace the dollar as the primary reserve currency, the report said.

 

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