Crypto Stocks Slide As Bitcoin Drops To $113K Ahead Of Fed Meeting

Crypto stocks fell Tuesday as investors pulled back from tech and riskier markets, according to CNBC. Coinbase and eToro dropped more than 5%, Robinhood and Bullish over 6%, and Galaxy Digital 11%. Treasury-linked names like Strategy, SharpLink, Bitmine, and DeFi Development lost between 7% and 15%, while Circle slid 5%. Bitcoin fell nearly 3% to just above $113,000, and ether dropped over 4% to $4,100. The Nasdaq fell more than 1%, weighed by declines in Nvidia and other tech leaders. Investors are watching the Federal Reserve’s Jackson Hole symposium, with profit-taking ahead of Fed Chair Jerome Powell’s remarks. Crypto had rallied in recent months on Coinbase’s S&P 500 debut, Circle’s IPO, and stablecoin legislation, but traders expect pullbacks into September’s Fed meeting.