Bitcoin-Led Selloff Hits US Crypto Stocks as MSTR, BMNR and Coinbase Plunge Over 10%

COINOTAG News reported on December 2 that US-listed crypto-related equities entered a broad pullback, reflecting a risk-off environment for digital asset equities. The session showed muted appetite for high-beta names as liquidity thinned and investors repositioned ahead of macro catalysts. Among the leaders, COIN and CRCL displayed meaningful drawdowns, highlighting the sector’s sensitivity to market momentum.

Explicitly, the declines spanned several marquee names: COIN −5.32%, CRCL −4.27%, MSTR −10.57%, BLSH −6.83%, and BMNR −10.45%. Additional names such as SBET −9.89%, BTCS −7.23%, BNC −11.25%, ALTS −12.83%, and ABTC −8.49% finished lower.

From a market-structure perspective, the move underscores caution within digital asset equities and bitcoin miners, as traders await catalysts to reestablish risk appetite. Participants may monitor key support levels and cross-asset correlations to assess the durability of this pullback and identify potential entry points.