From Cointelegraph
April 04, 2025 06:28 PM:

Cryptocurrency firms faced the heat from US President Donald Trump’s tariff rollout, causing market turbulence and affecting IPO plans. Bitcoin miners and exchanges suffered losses despite the industry’s previous support for Trump. Major US stock indices dropped by 10%, triggering fears of a trade war. Bitcoin’s price also suffered.

Crypto exchange Coinbase saw a 12% drop in stock price, while Bitcoin miners experienced a 13% loss in value. Even Strategy, a top-performing stock, fell by 6%. JPMorgan raised the odds of a global recession to 60%, citing disruptive US policies as the main risk. Strategy’s shares also declined.

Stablecoin issuer Circle paused plans for a 2025 IPO due to market turbulence caused by US tariffs. Other companies, like fintech Klarna and ticketing service StubHub, are also reconsidering their IPO plans. Bitcoin may be decoupling from the broader market, as its price remained stable despite the stock market collapse.

Read more at Coin Telegraph: Crypto stocks down, IPOs punted amid tariff tumult