U.S. crypto-related stocks tumble intraday, with Circle down 9% and Coinbase off 7.4%

Major U.S. crypto- and blockchain-related stocks were posting sharp intraday losses today, according to BIT market data. Among the main names, Circle (CRCL) had the biggest drop at around 9%, followed by SharpLink (SBET) at 7.70%, Coinbase (COIN) at 7.41%, Gemini (GEMI) at 7.07%, Bitmine (BMNR) at 6.77%, and Bullish (BLSH) at 6.07%. MicroStrategy (MSTR) was also down 5.53%.