Crypto stocks slide in pre-market trading as bitcoin stabilizes around $77,000

fidelity
2026.02.02 10:30
portai
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Crypto-related U.S. stocks fell in pre-market trading as market reactions to President Trump's Federal Reserve chair nominee, Kevin Warsh, led to a crypto selloff. Major players like MicroStrategy and Galaxy Digital saw declines of over 6% and 7%, respectively. Bitcoin stabilized around $77,000 after a dip, while volatility indices rose, indicating increased market uncertainty. Precious metals and oil also faced declines, contrasting with slight recovery in U.S. equity index futures. The DXY index showed a slight pullback, reflecting an inverse relationship with bitcoin's price movements.